auditors' report and financial statements sonali bank limited & its
TRANSCRIPT
Auditors' Report and Financial Statementsof
Sonali Bank Limited & its Subsidiaries
as at and for the year ended 31 December 2014
AHMAI) & AKHTARChartercd AocountantsBCIC Bhaben 13'd Floorl30-31 Dilkusha Com. AreaDhaka- I 000. BangladeshPh : I 880-2-L)561289, 7 17 4132Fax: .l 880-2-9564366E-mai I : aacano t 2}@gmail.com
Aziz Halim Khair ChoudhuryChartered Accountants"Phulbari HoLlse"House 25 Road 1 Sector 9Uttara Model Torvn Dhaka -1230Ph : r- 880-2-8933357Fax : rE80-2-8950995
qRTq €E qTrrsrdAHMAD & AKHTAR(.' harte red Acc o u n ta n ls
BCIC Bhaban (3'd floor)30-31 Dilkusha C/ADhaka- I 000, Bangladesh
ETIEEEIAziz Halim Khair ChoudhuryChartered AccountantsPhulbari House House 25Road I Sector 9Uttara Model Town Dhaka -1230
Independent Auditors' Reportto the Shareholders of
Sonali Bank Limited and its Subsidiaries
Report on the Financial Statements
We have audited the accompanying consolidated financial statements of Sonali Bank Limited and issubsidiaries (the "Group") as well as the separate financial statements of Sonali Bank Limited (the
"Bank"), which comprise the consolidated and separate balance sheets as at 3l December 2014, and theconsolidated and separate profit and loss accounts, consolidated and separate statements of changes inequity and consolidated and separate cash flow statements for the year then ended, and a summary ofsignificant accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements and Internal Controls
Management is responsible for the preparation of consolidated financial statements of the Group and alsoseparate financial statements of the Bank that give a true and fair view in accordance with BangladeshFinancial Reporting Standards (BFRS) as explained in note no. 2.00 and for such internal control as
management determined necessary to enable the preparation of consolidated financial statements of theGroup and also separate financial statements of the Bank that are free from material misstatementwhether due to fraud or error. The Bank Company Act 1991(amended in 2013), and the BangladeshBank Regulations require the Management to ensure effective internal audit, internal control and riskmanagement functions of the Bank. The Management is also required to make a self-assessment on theeffectiveness of anti-fraud internal controls and report to Bangladesh Bank on instances of fraud andforgeries.
Auditors' Responsibility
Our responsibility is to express an opinion on these consolidated financial statements of the Group andthe separate financial statements of the Bank based on our audit. We conducted our audit in accordancewith Bangladesh Standards on Auditing (BSA). Those standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whether theconsolidated financial statements of the Group and separate financial statements of the Bank are freefrom material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe consolidated financial statements of the Group and separate financial statements of the Bank. Theprocedures selected depend on our judgment, including the assessment of the risks of materialmisstatement of the consolidated financial statements of the Group and separate financial statements ofthe Bank, whether due to fraud or error. In making those risk assessments, we considered internal controlrelevant to the entity's preparation of consolidated financial statements of the Group and separatefinancial statements of the Bank that give a true and fair view in order to design audit procedures that areappropriate in the circumstances. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of accounting estimates made by management, as well as evaluatingthe overall presentation of the consolidated financial statements of the Group and also separate financialstatements of the Bank.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinion.
Opinion
In our opinion, the consolidated financial statements ofthe Group and also separate financial statementsofthe Bank give a true and fair view ofthe consolidated financial position ofthe Group and the separatefinancial position of the Bank as at 3l December 2014, and, of its consolidated and separate financialperformance and its consolidated and separate cash flows for the year then ended in accordance withBangladesh Financial Reporting Standards as explained in note no. 2.00.
Report on Other Legal and Regulatory Requirements
ln accordance with the Companies Act, 1994 (amended in 2013), the Securities and Exchange Rules1987, the Bank Company Act, l99l and the rules and regulations issued by Bangladesh Bank, we alsoreport the following:
(a) we have obtained all the information and explanation which to the best of our knowledge andbelief were necessary for the purpose of our audit and made due verification thereof;
(b) to the extent noted during the course of our audit work performed on the basis stated under theAuditor's Responsibility section in forming the above opinion on the consolidated financialstatements of the Group and the financial statements of the Bank and considering the reports ofthe Management to Bangladesh Bank on anti-fraud intemal controls and instances of fraud andforgeries as slated under the Management's Responsibility for the Financial Statements andIntemal Control:
i) inrernal audit, internal control as disclosed in note no. 2.32 and risk managementarrangements as disclosed in note no. 2.20 of the financial statements of the Group and theBank, appeared to be materially adequate;
ii) nothing has come to our attention regarding material instances of forgery or irregularity oradministrative error and exception or anything detrimental committed by employees of theBank and its related entities;
(c) financial slatements of a subsidiary, Sonali Investment Limited, of the Bank have been auditedby ARTISAN, Chartered Accountants and the financial statement of another subsidiary SonaliExchange Co.,lnc. ofthe bank have been audited by UNITED FINANCIAL CPA P.C. and have
been properly reflected in the consolidaled financial statements and issued unqualified reports;
(d) in our opinion, proper books of account as required by law have been kept by the Group and theBank so far as it appeared from our examination ofthose books;
(e) the consolidated balance sheet and consolidated profit and loss account ofthe Group and theseparate balance sheet and separate profit and loss account of the Bank dealt with by the reportare in agreement with the books ofaccount;
(f) the expenditure incurred was for the purposes ofthe Croup and the Bank's business;
@-(:[nr"n )])'i 1-\ ./.r1-
(e)
(h)
(D
the consolidated financial statements of the Group and the separate financial statements of the
Bank have been drawn up in conformity with prevailing rules, regulations and accounting
standards as well as with related guidance issued by Bangladesh Bank;
adequate provisions have been made for advances which are, in our opinion, doubtful ofrecovery ;
the records and statements submitted by the branches have been properly maintained and
consolidated in the financial statements;
the infonnation and explanation required by us have been received and found satisfactory; and
We have reviewed over 80oZ of the risk weighted assets of the Bank and we have spent around
14,800 person hours for the audit ofthe books and accounts ofthe Bank.
0)
(k)
ffi*hihffi4,Chartered Accountants
Date: 30 MarcPlace: Dhaka
h .6*/rltl.clo,il,ryAziz Halim Khair ChoudhfryChartered Accountants
Particulars I Note
Sonali Bank LimitedConsolidated Balance
and its SubsidiariesSheet as at 3l December 2014
PROPERTY AND ASSETS
CashCash in Hand (Including Foreign Currencies)
Balance with Bangladesh Bank and ils agent Bank(s)
(Including Foreign Currencies)
Balance with other Banks & Financial Institutions
ln Bangladesh
Outside Bangladesh
Money at Call on Short Notice
InYestments
Govemment
Others
Loans and AdvancesLoans, Cash Credit, Overdrafts etc.
Bills Purchased and Discounted
Fixed Asset including Premises, Furniture rnd Fixture
Other Assets
Non-Brnking Assets
Total Assets
LIABILITIES AIID CAPITALLiabilities
Borrowing from other Banks, Financial Institutions &Agents
Deposits and Other Accounts
Current Accounts & Other Accounts etc
Bills Payable
Savings Bank Deposits
Fixed Deposits
Other Deposits
Other Liabilities
Total LiabilitiesShareholders EquityPaid up CapitalShare Money Deposit
Statutory Reserve
Other Reserve
Revaluation Reserve
Surplus in Profit and Loss Account/Retained Eamings
Total Liabilitier-Qud Sharebolders' Equity
-., "- \? 4
"'l i,e,.,, lni\'"^\ / ; t/\@t:i
935286,2s0,642 852,851,724,r36
2014Taka
2013 (Restated)Takr
5.00
6.00
8.00
9.00
10.00
32,786,534,070
136,970,97r,513
32,529,799,019
l32,l4t,309,557
881,709,418
777 ,97 4,782,686
162,46t ,473,184t2,676,341,550
r 89,696,00s,800
4t3,140,962,t52
97,049,921,431
938,079,370
68s,755J01,368146,920,803,593
8,430,055,666t7 4 ,662,133 ,1 58
355,742,308,951
116272,591,225
875,906,413,535
3 r,200,000,0007,100,000,000't,601,472,379
107,000,00028,168,564,059t4.797 .t99
802,965,971,96449,885,752,172
3.00 s3382,074,145 49,491,493,642
f 6166"61?"665 lf ,7-ot-isr3ptrl
| *r'r,*u,*o ll oo.r*r,rro,uro I
4.00
323.023,445,173 270,411,184,260
l--r"i%n's.p]I zz,qgt,a$,ntll ro,or.szo,+rr I
7.00 339,766,103,592 345,768,295,745
l--J-t5-Jrj-3x,0fl f 3-?--pr&s?6'r3r'l
I r+,++s,zro,ssz ll zs,zzq,: rt'st+ |
I 1.00
12.00
13.00
t 4.0014.08
15.00
16.00
17.0018.00
40,131,540,149
3l,l 14,748,984
9.016.791.165
9,225,582,000
18,048,046,763
9,554,082,552ll
4,461,595,150
l t.250,000,00019,950,000,0006,433,117,755
47,000,00025,t78,528,62tI
59.379.837.107
Parliculars I Note
Sonali Bank Limited and its SubsidiariesConsolidated Balance Sheet as at 31 December 2014
Contingent Liabilities
Acceptances &nd Endorsements 19.00
Letters of GuaranteeIrrevocable Letters of CreditBills for CollectionOther Contingent Liabilities
Other CommitmentsDocumentary credits and short term trade related transactions
Forward asset purchased and forward deposit placed
Undrawn note issuance and revolving underwriting facilitiesUndrawn formal standby facilities. credit lines and othercommitmentsClaim against the bank not acknowledged as debtLitigation pending against Bank
Total OffBalance Sheet ltems including Contingent Liabilities 229,929,738,O14 r 75,802,795,405
2014Taka
229929,738,Ot4
4,524,516,271206,390,740,160
19,014,481,583
2013 (Restrted)Trkr
175,ao2,795,405
s,s34,630,077
155,822,496,087
t4,445,669,241
Net Asset Value Per Share (NAVPS) 190.32
These financial statements should be read in coniunction with the annexed notes 0l to 4E,
Subhrsh Chandra Das FCA, FCMA
Chief Financial Officer (CFO)
=-r?\-%r\,Iil-d. Abdu"'Rouf
Deputy Managing Director
Signed as per our annexed report ofeven date.
Pradip Kumar Dutta
;ffiRm,,"Chairman
Iffi"hl\ffil ), 6rr/r/ t.a o,{or/L,rAziz Halim Khair Cboudhury /Chartered AccountantsChartered Accountants
Date: 30 March 2015
Place: Dhaka
Sonali Bank Limited and its SubsidiariesConsolidated Profit and Loss Account for the year ended 3l December 2014
Particulsrs I Notes2014Taka
Operating Income
Interest income
Interest paid on deposit and borrowing etc.
Nct Interest IIlcome
Investment income
Commission. exchange and brokerage
Other operating income
Total 0perating Income (A)
Operating Expenses
Salary and allowances
Rent, tax, insurance, electricity etc.
Legal expenses
Postage, stamps and telecommunication etc.
Printings, stationery, advertisements etc.
ChiefExecutive's salary and fees
Directors' fees
Auditors' fees
Depreciation & repair to bank's assets
Other expenses
Total Opcrating Expenses (B)
Profit Before Provision, Amortization and Trxes C=(A-B)
Provision lbr loans & advances
Provision for diminution in value of investrnent
Other Provision
Total Provision (D)
Profit(Loss) Before Amortization E=(C-D)
Amortization ofiute sector reform project
Total Amortization (F)
Total Profiu(Loss) b"tor- a"*"r 6 =(DF)
Proyision for taxatiotr (H)
Current t&\
Deferred t&\
Net Profiv(Loss) after taxation I=(c-H)
21,723,6a2992 l5,l 77,625,068
29,97 t ,597 ,332
(43,31 r,l
2013 (R$tatcd)Taka
27,888,tO9,928
(38,838,603,82s)
21.00
22.00
23.00
24.00
25.00
(13J39,600,922)
23,t 5t ,348,7 50
10,737,404,770
I ,17 4,530,294
35,063,2E:,,814
( 10,9s0193i897)
t 5,546,997 ,497
9,056,861,292
I ,524,260,17 5
26,128,118,964
26.OO
27.00
28.00
29.00
30.00
31.00
32.OO
33.00
34.00
35.00
36.00
37.00
38.00
8,61oiE29,157
103,624,351
19,624,60E
2,7 0s,866,7 86
2529,1t5,745
3,023,26sp63
302,174,483
29,141,673
331J16,1s6
5,181,713,4t2 2$91949$07
268,133,847
26E,t33$47
s,78t,7t3At2 2,423,81s,960
(t96,62s,t49t (1p22,987,54t)
r3.04
9.08.02
215,946,92t
(41
s878,33856r
252,640,666
(l
3,446,803,502
8,726,331 ,170
783,794,718
33,291,411
74,333,330
219,299,789
8,254,707
5,689,683
2,910,016
574,018,347
2,684,930,564
l3,l121853,735
8,072,207 ,420
799,889,146
19,488,424
't I,721,2t9
r98,000,722
7,234,t59
5,3t6,805
2,725,368
516,957,589
2,460,818,2s2
12,1s4J59,104
Sonali Bank Limited and its SubsidiariesConsolidated Profit and Loss Account for the year ended 3l December 2014
Particul.rs I Notes2014Taka
Appropriation:
General Reserve
Reserve lbr CSR
Statutory Reserve
Retained Surplus Carried Forward
Eamings per Share (EPS)
Subhrsh Chandra Das FCA, FCMA
Chief Financial Offi cer (CFO)
A. K. M Rezaur RahmanDirector
qt'a-/a%---Md. Abdur Rouf
Deputy Managing Director
Signed as per our annexed report of even date.
15.00
60,000,000
|,t68,294,624
1,224,294$24
2013 (Rcstatcd)Taka
508,259,549
508,259,549
4,750,O43937
31.72
2,938,5l(},953
30.64
These financial statemens should be read in conjunction with the annexed notes 0l to 4g.
Chartered Accountants
Date: 30 March 2015
Place: Dhaka
N/Pradip ffiar Dutta
Managing Directo! & CEO
a\2 .*-><.V"q&Dr. A H M HabiburRahman
Chairman
Aziz Halim Khair ChoudhuryChartered Accountants
IEfrsE"\to'\SAz-"l, 6rr/14./.,{. ilniln7.
fulChakraborty
Sonali Bank Limited and its SubsidiariesConsolidated Cash Flow Statement for the year ended 3 I December 2014
Psrticul.rs lNotc2014Takr
2013 (Restrted)T.kr
A. Cesh flows from operrtirg sctiviticsInterest receivedInterest paidDividend ReceivedFee and commission receivedRecoveries of previously written.off loan & advancesCash paid to employeesCash paid to SuppliersIncome taxes paidReceived from other operating activitiesPaid for other operating activitiesCrsh generated from operuaing ,ctivitiesIncre.se(decrease) ilt opcrating rsscts and liabiliaiesLoans & advances to customelsOther assets
Deposits from other banksDeposits from customersOther Iiabilities
Net cssh floll. from opersiing .ctiviaiesB. Cash flows from irvesting .ctivities
(Purchase)/Sale of securilies & bond(Purchase/sale ofproperty, plant & equipmentNet cs3h flow from investing aclivitics
C. Cash florls from finircing activitiesReceived share money def,ositPayments for redemption of loan capital & debt securityDividends paid
Nea cash flow from finsncing ,ctivitiesD. Net increase/decrease in cssh arld c{sh equivrlents (A+B+C)E. Cash .nd cash-cquivalents rt bcginnilrg for ahe yerrF. Cash and cash-equivalents rt end of the yerr
34,6,4\445,1864,7 t3,677 ,916
81,833,893,102
f oo,4- oo6.o46s2TI tzso,zrs,osril(71,755,781973\
,100,000,000(56,369
(
I
Thes€ financial statements should be read in conjunction with the annexed notes 0l to 4g.
Chief Financial OIfi cer (CFO)
qTT*VtrMd. Abdur Rouf
Deputy Maraging Director
7,043,630,050
12,Es1,094,230 92,83r,713A22169,359,506,8t9 76,527,793,391
182,2t0,601,049 t69,J59.s06,8r9
MPrrdip Kuir{r Dutts
Managing Dire{tor & CEO
A. K. M Rez-aur RahmanDirector
Date: 30 March 2015Place: Dhaka
@\i[*1 pr,"r, )']V\--z{!i-\-_.-'
49
653,161,3757,991,070,980
(7 ,996,473,267')(280,489,507)(
3,688,708,495
9,8/)7,264,983
(43,311,096,181
I ,292,102,t507 ,488,123,0't I
956,063,000(8,734,s85,877
3,438,531,214
7 ,201l57 ,729
92,219,481,318
92,83r,713A22
O.. ,l ff fVf ff"UiUr" n"fi.'"nChairman
Subhrsh
Sonali Bank Limited and its SubsidiariesConsolidated Statement ofChanges in Equity for the year ended 3l December 2014
Psrticul.rs Plid up Crpitrl Sharc MoncyDcposia
St tutoryReservc
Othcr RcaerveAsset Ravrluaaiol
RarcrvcRcvrlurtion of
InvcstmantRet i[.dE.rningg
Total
Brhncc ls .t 0l Jrrurry 2014 l l J50.000,000 r 9B50,tx)0,000 6433,t77.755 47,000,000 30J29,757,56E 3.6t259s344 (21 ,806,77ti495) 49 8E5Js2,172
Valuation adj ustment/Goodwi ll adjustment(E,833,824291) 8,833,E24,29r
Opcning brhrcc (Rcstrted) l r 150,000,000 r 9,950,000,000 6,4t3,111 ,755 47.000,000 2t A9s,933?77 3,6t2,595r4,1 (12:9729s42M1 49J,A5,7s2,172
Srrptrr/d"f,"tt o,, """o""t
-.f
te*luation of investmentV(Revaluation of
invesrment HTM & HFT)2r90,035,43E 2J90,03s,43t
Currency translation difI€rences3 r,6s4 3l6s{
Net Profit(Loss) for the year (after appropriation)4.7 50,043,93 t {,750,(N3,93?
Amortization of lntalgible Assets/Goodwill Adjustment(6.57 4.320.7 16\ (6-\74320,7161
Transferred from provision
Share money transferred to paid Lrp capital r 9,950,000,000 ( 19.950,000,000)
Share money received dudng th€ year 7,100,000,000 7,100,000,000
lssue of share capital
Transferred to Res€rve for CSR 60,000,000 50,000,000
TEnsfened to Statutory Reserve I ,t6E,294,624 1,t6t,294,624
Brl.ncc rs rt 3l Dccemb.r 2014 3t 200,000,000 ?,1 00,000,000 7 .601.472319 t 07,000,000 2t A95933,277 6,672,630,7t2 ( l4J9?,l99rgr) 59J79X37,r07
B.hllce rs ,t 3l Dec€flbcr 2013 (Restrtcd) 11,250,000,000 r 9950,000,000 6,433,117,155 47,000,000 2t,495933.277 3,6E259s344 (12,972,9542041 49,Aa5,752,172
'n"* n**'";g:""t' 'n": be read in conjunction with the annexed notes 0l to 48'
Subh.sh Chrndr. Drs FCA, FCMA
Chief Financial Officer (CFO)
A. K. M Rezaur RshmanDirector
Date: 30 March 2015
Place: Dhaka
<-^.*1"Md. Atdur Rouf
Deputy Managing Director
Pradip Kumar Dutta
Managing Director & CEOr-\2-+-\J""t
Dr.AHMHrbiburRrhmrtrChairman
Ranjit Kum8,
Sonali Bank LimitedBalance Sheet as at 3l December 2014
Particulars I Note
PROPERTY AND ASSETSCash
Cash in Hand (lncluding Foreign Currencies)Balance with Bangladesh Bank and its agent Bank (s)
(Including Foreign Currencies)
Balance with other Banks & Financial Institutions
In Bangladesh
Outside Bangladesh
Money at Call on Short Notice
Investments
Govemment
Others
Loans and AdvancesLoans, Cash Credit, Overdrafts, etc.
Bills Purchased and Discounted
Fixed Asset including Premises, Furniture and
FixtureOther Assets
Non-Banking Assets
Total Assets
LIABILITIES AND CAPITALLiabilitiesBorrowing from other Banks, Financial Institutions& Agents
Deposit and Other Accounts
Current Accounts & Other Accounts etc.
Bills PayableSavings Bank DepositsFixed DepositsOther Deposits
Other Liabilities
Total LiabilitiesShareholders' EquityPaid up CapitalShare Money DepositStatutory ReserveOther Reserve
Revaluation Reserve
Surplus in Profit and Loss Account/Retained Eamings
tot"t 2^Hgand
Shareholders' Equitv
flii,,',.u,Y')\ ro
\t:l;,.
-o1\ 4' 'rca'7
3.00 s3,382,074,145 49,491,493,642
2014Taka
2013 (Restoled)Taka
9,225,582,000
322,726,926,751
300,525,808,400l.l18,351
934,s92315,t46 852,223,550,361
881,709,418 938,079,370
87s,0r3r71,1E1593l,200.000.000
7.100,000.0007.601,472.379
107,000,000
28,168,564,059
(t4,597 ,992,472)
720
f 6"s66"6lir66slf-lrolJetolIl
I ou,r,r,oru,oro ll oo,rrr,rro,uro I
4.00 39,838,384,042 17,760332,946
5.00
6.00
8.00
9.00
10.00
I 1.00
12.00
13.00
14.0014.0815.00
t 6.00
17.00
18.00
7.00 337,554,433,143 343,450,525,505
4,461,595,150
270,182392,531
253,779,613,829I 't78.702
l- 3nlon4.66- 1l-1t 4i,t 206,6111I A.qqg,tto,sn ll zaJzg.trs$+ |
32,767,568,369
r39,097,346,696
32,502,61r,071
134,374,599,476
t62,529,378,79912,676,34t,550
189,696,005,800413,140,962,1_52
96,088,873,462
147,060,091,6208,430,055,665
174,662,t33,158355,742,308,9s1
115J82,195,87s
8O2,214,864,640
I t.250,000,000r 9.950.000.0006.433.177,755
47,000,000
25,t78,528,621(l 2,8s0,020,656)
Sonali Bank LimitedBalance Sheet as at 3l December 2014
Particulars I Note
Off-Balance Sheet ltems
Contingent Liabilities
Acceptances and Endorsemcnts
Letters of Guarantee
Irrevocable Letters of creditBills for CollectionOther contingent Liabilities
Other Commitments
Documentary credits and short term trade related transactions
Forward assets purchased and forward deposits placed
Undrawn note issuance and revolving underwriting facilities
Undrawn formal standby facitities, credit lines and other
commitments
Total OffBalance Sheet items including contingent liabilities
Net Asset Value per Share (NAVPS)
2014 2013 (Restated)
T
These financial statements should be read in conjunction with the annexed notes 0l to 48.
Subhash
Chief
A. K. M Rezaur RahmanDirector
Tt-y*wMd, Abdur Rouf
Deputy Managing Director
Ranjit Ku
Signed as per annexed report of even date.
1l
W--Chsndrr Das FCA' FCMA
Financial Officer (CFO)
@/Pradip Kumar Dutta
lffiN\ilFp,.Chartered Accountants
Date: 30 March 2015
Place: Dhaka
h for,/r/J.A O/e/Jry.Aziz Halim Khair Choudhury /Chartered Accountants
19.00 v29,929,738W 115,802,795405 ,
f-- 4.sr4,st 627 tlf 5J34r3o.o?.1I zoo,reo,z+o,too 1; 1ss,822,496,087 |
I rs,or+,+ar,s83 ll v,aas,aag.zq
I
17s,802,795,405
190.96
Managing Director & CEO
Dr.AHMHabiburRshmanChairman
Sonali Bank LimitedProfit and Loss Account for the year ended 31 December 2014
Particulars I Note
Operating Income
Interest income
Interest paid on deposit and borrowing etc.
Net Interest lncome
Investrnent income
Commission, exchange and brokerage
Other operating income
Total Operating Income (A)
Op€rating Expenses
Salary and allowances
Rent, tax, insurance, electricity etc.
Legal expenses
Postage, stamps and telecommunication etc.
Printings, stationery, advertisements etc.
ChiefExecutive's salary and fees
Directors' fees
Auditors' fees
Depreciation & repair to bank's assets
Other expenses
Total Operating Expenses (B)
Profit Before Provision, Amortization and Taxes C{A-B)
2t,457,027,045 14,922,170,541
2014 2013 (Rest.ted)
21.00
22.00
23.00
24.00
25.00
29 ,903 ,879 ,988(43,284,063,049)
(13380,183,061)
23,136,318,700
10,s26,892,935
I ,t73 ,998,47 I
34,&'7,210,106
27 ,802,389 ,301
(38,797,127,707)
(10,994,738,406)
15,s36,433,969
8,856,851,243
I ,523 ,623 ,735
2s916,908,947
26.00
27 .00
28.00
29.00
30.00
31.00
32.00
33.00
34.00
35.00
36.00
37.00
38.00
8,547,339,90s
2,705,866,786
2,705,866,786
2,971,200,579
t61,768,986
161,768,986
Provision for loans & advances
Provision for diminution in value of investment
Other provision
Total Provision (D)
ProfiU(Loss) Before Amortization E=(C-D)
Amortization ofjute sector reform project
Tot l Amortization (F)
Total Proliu(Loss) before trxes G<E F)
Provision for taxation (H)
Current tax
Defened tax
Net Profit/(Loss) after taxation I=(G-H)
5,84r,473,119 2,541,297,746
5,841 ,473,119 2,809,431,s93
268,t33,847
268,133,847
13.04
9.08.02
(213,170,406)
t99,401,664
(412,s72,070)
6,054,643,s2s
(1,038,886,490)
236,741,717
(l3,580,184"237
@)
8,550,475,795
775,904,540
33,265,16'l
73,931,894
218,921,922
8,254,707
5.304,933
2,847.516
563,899,752
2,676,880,920
12,909,687,140
7,891,860,692
792,47 5,557
19,488,424
7t,220,675
197,6r4,185
7,234,159
4,744,805
2,669,118
509,942,630
2,453,719,716
n,950,969,96r
t2
Sonali Bank LimitedProfrt and Loss Account for the year ended 3 I December 20 I 4
Particulars I Note
AppropriationsGeneral Reserve
Statutory Reserve
Reserve for CSR
Dividend etc.
Retained Surplus Carried Forward
Eamings per Share (EPS)
15.00
44.00
% __#Md. Abdur Rouf
Deputy Managing Director
Signed as per our annexed report of even date.
4,826,348,90r 3,071924,688
2014
1,168,294,624
60,000,000
r,228,294,624
2013 (Restated)
508,259,549
s08,259,549
31.82
These financial statements should be read in conjunction with the annexed notes 0l to 48.
@/Pradip I(umar Dutta
Managing Director & CEOSubhash Chandra Das FCA' FCMA
Chief Financial Officer (CFO)
A. K. M Rezaur RahmanDirector
Chartered Accountants
Date: 30 March 2015
q
tffihhffirq Z. "*rfuil olauluy.Aziz Halim Khair Choudhury /
Dr.AHMHabiburRahmanChairman
fChakraborty
l3
Chartered Accountants
Sonali Bank LimitedCash Flow Statement for the year ended 3l December 2014
P.rticulars
Cxsh llows from opersailg activiti.sInterest received
lntercst paid
Dividend Received
Fee and commission received
Recoveries of previously wriften-off loan & adva[ces
Cash paid to employees
Cash paid to Suppliers
Income taxes paid
Received from other opeEting activities
Paid for other operating activities
Cash generated from opersting .ctivities
Increrse(decrease) in operating rssctu and lirbilitiesLoans & advanc€s to customers
Other assets
Deposits from other banks
Deposits from customers
Other liabilities
Net cash llow from operaaing .ctivitiesCssh flows from investing sctivities(Purchase/Sale of securities & bond(Purchase)/sale of property, plant & equipment
Net cash Ilo\ry from invesaing rctivitiesCash florvs from finatrcilrg activiaies
Received share money deposit
Payments for redemption of loan capital & debt security
Dividends paid
Nct cash flow from fiorncirtg activiiics
D. Net incre{se,/decrerse in crsh .nd crsh equiv.lents (A+B+C)
E. Cash and c.sh-equivalent. at beginning for thc yeslF. Crsh and cash-equiv.lents rt elld ofahe yerr 43
These financial statements should be read in conjunction with the annexed notes 0l
34,696,530,097
6,661 ,842,7834,713,677 ,917
8t,EE7 ,209,371
69,9t8,500,263 121,828J25,77t
76498479,877 t5t,534,838,220
(49,457,D3,852)
20t4Tqk!
53,503,445,410
I ,292,102,150
7 ,409,464,724956,063,000
(316,205,179)(3,r66,323,815)
3,306,145,903
7
6,519,979,6t4
2013 (Restrt€d)Tok
5,896,092,361
(8,886,445,932)
3,629,960,902
88,518,138,002
B.
c.7,t00,000,000
(56,369,951
7,043,630,049
t 2,84s,6s 1,900
169,071,793,042
___18r,9fi,444W
to 48.
(9,056,220,883)
93,020,623,48s
76,051,t69,557
___!6e,uJl2!w_
Subhrsh Chrndrr Drs FCA, FCMA
Chief Financial OIIicer (CFO)
6{>-.rWMd. Abdur Rouf
Deputy Managing Director Mamging Director & CEO
A. K. M Rezaur RahmanDirector
Date: 30 March 2015Place: Dhaka
68,921,781 ,521(38,197 ,127 ,
653,161,375
7,791,060,931
(7
3,688,072,054
29,706,512,449
(70,696,4sE,026)
I A H ru firtitur nriiii
t4
Pridip Kumrr Dutta
Son8li Bank Limited
Statement of Changes in Equity for the year €nded 3l December 2014
P.rticulrr. Prid rp CrpittlSh.rc Moncy
Dep06it
ShtuloryRcscnc
Othcr RcaaracA$.t Rcvrlmtlotr
R.3arvaRcvrlu.liotr of
Invaalmatrl
R.trlncdE.]!ings
Tot l
B.l.nca aa rt 0l Jrnl|.rY 201,1 I l,2s),1rcO,000 19.950.000.000 6,{33,t 77,755 47,000,000 30r29,757,568 3,682,595J{4 (21,68:1,814,947) 50,008,6E5,720
Valuation adjustmenrcoodwill adjustmcnt(8,833,824,291) 8,833,824,29t
opcniB brhncc (R.strtcd) I I,250,m0,O0O 19.950.000.m0 6,433,177,755 a7,000,000 21,49\93t,271 3,582,595J{4 o 2,8s0,020,656) s0,mE,6t5,720
Surplus/deficit on ac@unt of revaluation ofinvestmenLs/(Revaluation of inv€strneot HTM & HFt)
2,990,035,438 2,990,035,43E
Cuncncy translation differences4,826,348,901 4.826J48,$l
Net Profit for the y€ar (afrer approprlalion)
Amortization of Intangible Assets/Goodwill Adjustment(6,57 4,320,7 l6l (6s74,320,7t6)
Transfened from provision
share money receiv€d during the year 7, | 00,000,0007, ! 00,000,000
Sharc money ransfen€d lo paid up caPrlal r 9,950,000,000 (r9.950,000.000)
Transferred to Rcs€rve for CSR 60,000,000 60,000,000
Transferred to Stalutory ReseNe 1.168,294,624 1164,294,624
B.hncc.s.t 3l Ireccmbcr 2014 3t,20o,m0,mo 7,10o,0(x),m0 1 ,601,472.379 107,0,00,fi)o 21,495,933,217 6.672.(30.782 (rsn,vr2,4721 s9J79.M3.966
Brl.rc. as.t 3l Dcccmb.r 2013 (R6itt d)
'n"'" n"""U$ryb€ read in conjunction with the annexed notes 0 I to 48'
Subh!3h Chrrdrr D.s FCA, rCMAChief Financial Ofiicer (CFO)
A, K. M Rczaur RrhmrnDirector
Dal€: 30 March 2015
Place Dhaka
+-zZ-WMd. Abdur Rouf Prrdip{_umrr Dutta
Dr.AHMllrbiburRrhmrn6r Chrkrrborty
15
Chairman
\ t t,zso,ooo,ooo l9,950,mo,ooo 6433,177,?55 ,17,000,000 21,49*931,271 3,582,s9if,441 (r2,8s0,020,6s5)l 50,00E,6t5'?20
Particulars Up to 0l monthmrturity
l-3 monthsmaturity
3-12 monthsmaturity
l -5 yerrsmaturity
More than 5 yerrsmaturity
Total
Assets
Cash in hand s3,382,07 4,t 45 53JE2,074.145Balance with other bank and financial institutions 8.732,565.042 28,090,000,000 2,870,000,000 t45,819.000 39,838J84.042Money at call on short notice 9.225.582.000 9,225,582,000Investments 20.556.216.102 53,960,000,000 36,1?6.095.166 97 .902.519.125 I t4.132.096.358 322.726.926.751Loans and Advances 47,393,855.183 3,610.310,513 10,305,63r,739 132,207,580,862 144,037,054,846 337554.433, I i(!
Fixed assets including premises, fumiture and fixtures 258,873,091 623,693,900 | ,085,537 ,247 30,799,464,131 32,767 ,568,369
Other assets 19,594,805.426 t9.2?1.065.003 61,350,572,850 r7,713,085,108 21.16?.8 t8.309 139,W7 )46,696Non-bat*ing assets
Tot l Asset! t 5E.EE5.097.898 t05,190,248,607 1tJ25.993.655 249.054.541.342 310,136,{33,544 93,1,592.315,I,16
Li.bilitiegBorrowings from Bangladesh Bank, other banks financial institutionsand agents 881,709,418 EEt,?09,41E
Deposits t52,41 r,938.670 81.141.602.756 77 ,646,730,765 t7 4,7 15.001 .612 292.t27 .414.498 778.M2.688.301Other accounts
Provision and other liabilities 62.321.r08 25,773,005 38,252.240,006 57. t46.208,988 602,330,355 96,088,873,452Tot l Lirbilitics 152A7 4,259,718 81,167,3?5,?6r I16.7E0.680.1E9 23r,861,210,600 292,129,144,853 875,013,27r,181N.t Liquidity Grp 6.4t0.E38.t20 24,022,872,846 (s,4s4,586,534) t7 ,193,3t0.742 17.406.688.79r 59,579,043,966
Sonali Bank LimitedLiquidity Statement, Asset and Liabilities Maturity Analysis as at 3l December 2014
,oru,,u.,o*,n
ffir*,.,":, * &subh.sh ch.ndr. Dls FcA, FCMA Md: Abdur Rouf pradip Kuma-i Duttr
ChiefFinancial Officer (CFO) Deputy Mang{li|rg Director
Ranjit Kg/
Date: 30 March 2015Place: Dhaka
A. K, M Rezaur RahmanDirector
Managing Director & CEO
Dr.AIIMHabiburR hman- Direct
to
Chairman
ffii\\---l-r'"7
Son!li Bank LimitedNotes to the consolidated and septrstc fin{ncirl statements
{s at ,nd for the yerr ended 3l December 2014
1.00 The B.nk and its activities
l.0l Reporting entity
Sonali Bank Limited. a state owned largest commercial Bank was incorporated in Bangladesh on 03 June 2007as a public limited company under the Companies Act 1994 and govemed by the Bank Companies Act l99l(anrended in 2013)- Sonali Bank Limited took over the businesses, assets- liabilities, right, power, privilegeand obligation of erstwhile Sonali Bank (emerged as a Nationalized Commercial Bank in l9?2), pursuant ioBangladesh Bank Nationalization order 1972 (P.O. No. 26 of 1972) on a going concem basis through avendor agreement signed between the Ministry of Finance. People's Republic of Bangladesh on behalf ofSorali Bank and the Board of Directors on behalf of Sorrali Bank Limited on 15 November 2007 with aretrospective effect from I July 2007. The Bank has 1204 branches including two overseas branches atKolkata and Siliguri in India. The Bank has two 1007o orvned subsidiaries named Sonali Exchange Co. Inc-(SECI), USA and Sonali Inveslment Limited, Dhaka. It has also two associates named as Sonali Bank (U.K)Ltd. and Sonali Polaris FT Limited. The registered office of Sonali Bank Limited is located at 35-44Motijheel Commercial Area, Dhaka - 1000.
I.0l.0l Principal Activities ofth€ Brnk
The principal activities of the bank are to provide a comprehensive range of financial services, personal andcommercial banking. including accepting deposits, extending loans & advances. discounting & purchasingbills. remiftance. money transfer, foreign exchange transaction. guamntee, comnritments, tmde and services,cash nranagement treasury. securities, etc. to its customer as well as custodian services and performCovernment treasul- functioning as an agent ofthe Bangladesh Bank through its 594 branches (including 58chest and 8 sub chest branches).
1.01.02 lslamic Banking Window
Sonali Bank Limited has started banking business based on tslamic Shariah since 29 June 2olo.The bankoperates Islamic Banking window in the following five branches designated in compliance with the rules oflslarnic Shariah:l. Fakirapool Branch. Dhaka
2. Agrabad Corporate Branch, Chittagong
3. Khulna Corporate Branch. Khulna
4. Dargagate Corporate Branch. Sylhet
5. Bogra Corporate Branch, Bogra.
L02 Subsidiaries ofthe BrnkSonali Bank Limited has hvo 10070 owned subsidiaries named Sonali Exchange Co.,lnc. (SECI), USA andSonali lnvestment Limiled Dhaka.
1.02.01 Sonali Exchange Co. Inc. (SECI)A subsidiary company n ned Sonali Exchange Co. Inc. was incorporated on 4 April 1994 under the laws ofthe State ofNew York, Department of State, licensed on 17 October 1994 by the State ofNew York BankingDepartment and commenced operation as an Intemational Money Remitter from 12 December 1994. TheCompany is a wholly-owned subsidiary of Sonali Bank Limited. a fully state orvned bank of Bangladesh,\\4rich is also the Compan.'-'s ultimate holding compan). The principal activities ofthe Company are to carryon the remittance business and to undertake and participate ir any or all transactions, activities and operationscommonly carried on or undenaken by reminance and exchange house.
1.02.02 Sonali lrvestment Limitedsonali Investment Limited was registered under the Company Act 1994 as a public company Limited byshares on 20 April 2010 and commenced its operation t'rom 22 April 2010. The Company obtained registrationfrom Securities and Exchange Commission as a merchanl bank on 28 October 2010. The Company is a wholly.ou'ned subsidiary of Sonali Bank Limited. a fully state ow,red bank of Bangladesh, which is also theconlpan)'s ultinrare holdirg company. The principar activities of the company comprised of merchantbanking. portfolio management. issue management and underwriting and pl6y active role in the Capital Marketof Bangladesh .
t1
1.03 Associates
1.03.01 Sonsli Bsnk UK. Ltd. (SB. tlK. Ltd.)A money remitting company under the name and strle of Sonali Trade and Finance (U.K) Limited wasincorporated as an associate under the U.K. Companies Act 1985 on 30 June 1999. Subsequently the companywas allowed to commence its function as a bank from ? Decembe.200l (the operational activities started onl0 December 2001) by the Financial Services Authority of U.K. had changed its name as Sonali Bank (U.K)Ltd. and restructured the ownership ofthe Company having 5lolo share capital in favor of the Govemment ofthe People's Republic ofBangladesh and remaining 4970 by Sonali Bank Limited.
1.03.02 Sooali Polaris FI LimitedSonali Polaris FT Limited (hereinafter referred to as the "Company" of SPFTL) was incorporated inBangladesh as a private Limited company on 25 January 2012 under the Companies Act 1994. The Compalycommenced its business operation on 0l February 20l2.The principal activities of the Company are tocustomize. enhance. modi8. and implement Intellect CBS 10.0 Software in Banks. The Company alsoprovides other services like initiation, development and implementation of computer application systems, etcrclevant to the customer and any other business undertakings. The o\ lership of the Company having 5l7oshare capital in favor ofPolaris Financial Technology Ltd.. India, 39olo by Sonali Bank Limited and remaining| 0olo by Bangladesh Commerce Bank Ltd.
2.00 Basis ofpreparation and signific{nt rccounting policies
2.01 Basis of preparrtiorThe consolidated financial statements ofthe Gmup and the financial statements ofthe Bank as at and for they'ear ended 3l December 20l4.have been prcpared under the historical cost convention except investments andin accordance with the "First Schedule" (section 38) ofthe Banking Companies Act l99l (Amended in 2013),and Bangladesh Bank (the Central Bank of Bangladesh) through BRPD Circular no. 14 dared 25 June 2003,other Bangladesh Bank Circulars, Bangladesh Financial Reporting Standards (BFRSS), the Companies Act1994. the Securities and Exchange Rules 1987 and other laws and rules applicable in Bangladesh. ln oase anyrequirement of provisions and circula$ issued by Bangladesh Bank differs with those of other rcgulatoryauthorities. the provisions and circulars issued by Bangladesh Bank shall prevail.
2.02 Statement of Compilation
ln conrpliance rvith the "First Schedule (Section 38) ofthe Banking Companies Act l99l (amended in 2013)and BRPD circular no. 14 dated 25 June 2003. BRPD circular no. 15 dated 9 November 2009, otheiBangladesh Bank Circulars. Bangladesh Financial Reporting Standards (BFRSS). Bangladesh AccountingStandards (BASS), Financial Accounting Standards issued by the Accounting and Auditing Organization forIslamic Financial lnstitutions, Bahrain etc., the financial statements ofthe bank have been prepared. The Bankconrplied rvith the requirement ofthe following regulatory and legal authorities:i) The Bank Companies Act, l99l (amended in 2013)ii) The Companies Act. 1994
iii) Rules, regulations and circula$ issued by the Bangladesh Bank from time to time
iv) Securities and Exchange Ordinance 1969v) Securities and Exchange Commission Act, 1993
vi) Income Tar Ordinance and Rules 1984vii) VAT Act, l99lviii) Labor Act, 2006 (amended in 2013)
Horvever. the Croup and the Bank has departed from some requirements ofBFRSS in order to comply with theNles and regulations ofBangladesh Bank which are disclosed below:
2.02.01 Investment in shrrcs aDd securities
BFRS: As per requirements ofBAS 39 investments in shares and securities generally falls either under "at fairvalue through profit and loss Account" or under "available for sale" where any change in the fair (as measuredin accordance with BFRS 13) value at the year-end is taken to profit and loss Account or revaluation reserveaccount respectively.
Bsnglxdesh Brnk: As per BRPD circular no. 14 dated 25 June 2003 inveslments in quoted shares andunquoted shar€s are revalued at the year end at market price and as per book value of last audited balance sheetrcspectively. Provision should be made for any loss arising lrorn diminution in value of investmenl: otherwiseill\rslmenls are recognised at cost.
ffi 18
2.02,02 Revaluatio[ gain/loss on Govemment securities
BFRS: As per requirement of BAS 39, T-bills and T-bonds fall ulder the category of held for trading'and
held to maturity,.where any change in the fair vslue of held for trading is recognised in Profit and lnss
Account. and amortised cost method is applicable for held to maturity lrsing an effective interest mte.
Bingladesh Bsnk: According to Department of ofTsite supervision (Dos) of Bangladesh Bank circular no.
5 d;d 26 May 2008 and subsequent clarification in DOS Circular no 5 dated 28 January 2009 of
Bangladesh Bank. loss on revaluation of Government securities (Treasury Bill (T-bill)/ Treasury Bond (T-
bonJ)) .r.trich are categorised as held for trading should be charged through Statement of Compr€hensive
Income (profit and Loss Account)- but any gain on such revaluation should be recorded under Revaluation
Reserve Account. However, at the year-€nd if there is any revaluation gain for any particular held for trading
T-billyT-bondsi such gain can be used to the extent of any revaluation loss for lhat particular held for hading
T-bills/T-bonds. T-bills designated as held to maturity are measured at amortized cost method but interest
income / gain shotrld be recognized through reserve.
2.02.03 Provision on loans and advrnces/investments
BFRS: As per BAS 39 an entity should start the impairment assessment by considering whether objeclive
evidence of impairment exists for financial assets that are individually significant. For financial assets which
are nor irdividually significant, the ass€ssment can be performed on an individual ot collective (portfolio)
Banglrdesh Brnk: As per BRID CircularNo. 14(23 September 2012)' BRPD circular No'19 (27 December
2012)and BRpD circular No.05 ( 29May 2013) a general provision at 0.2570to 5',/o under different catego es
of unclassified loans (good./standard loans) has to be maintained regardless of objective evidence of
impaimrent. Also provision for sub.standard loans, doubtful loans and bad losses has to be provided at 2070,
50olo and 10070 respectively for loans and advances depending on the duration ofoverdue. Again as per BRPD
circular no.lo dated l8 september 2007 and BRPD circular no. 14 dated 23 september 2012, a general
provision at lolo is required to be provided for all off-balance sheet exposures. Such provision policies are not
speciticall)' in line with those prescribed by BAS 39.
2.02.04 Recognition of inte.est in intcrest suspeDse a/c
BFRS: Loals and advances to cusiomers are generally classified as'loans and receivables' as per BAS 39 and
interest income is rccognized through effective interest rate method over the term of the loan. Once a loan is
impaired. interest income is recognized in profit and loss account on the same basis based on revised carrying
amount.
Banglsdesh B!rk: As per BRPD circular no. 14 dated 23 September 2012, once a loan is classified. interest
on such loans are not allowed to be recognized as income, rather the corresponding amount needs to be
credited to interest suspense account' which is presented as liability in the balance sheet
2,02.05 Other comprehensive income
BFRS: As per BAS I Other Comprehensive Income (OCl) is a component of llnancial statements or the
elements of other comprehensive Incorne (oct) are to be included in a Single comprehensive Income (SCl)
Statement.
Bangladesh B.nk: Bangladesh Bank has issued templates for financial statements which will strictly be
lblloned by all bank. The templates offinancial statements issued by Bangladesh Bank do not include other
Conrprehensive lncome; and the elements ofOther Comprehensive lncome are also not allowed to be included
ilr a Single Comprehensive Income (SCI) Statement. As such the company does not prepare the Other
comprchcnsive Income statement. However elements ofscl, ifany. are shown in the statement of chsnges in
equit)
2.02.06 Financirl instrumcnts - presentltion 5nd disclosure
In several cases Bangladesh Bank guidelines categories, recognize. measure and present financial instruments
differcntly- fronr those prescribed in BAS 39. As such full disclosure and pr€sertation requirements ofBFRS 7
and BAS 32 cannot be made in the financial statements.
l9
2.02.07 REPO Trans.ctions
BFRS: When aD entity sells a financial assets and simultaneously enters into an agreement to repuachase theasset (or a similar asset) at a fixed price on a future date (REPO or stock lending), the arrangement isaccounted for as a deposit. and the underlying asset continues to be recognized in the entity's financialstatemenls. This transaction will be treated as loan and the difference betseen selling price and repurchaseprice will be treated as interest expenses.
Bengladcsh Brnk: As per BRPD guidelines, when a bank sells a financial asset and simultaneously entersinto an agreement to rcpurchase the assets (or I similar asset) at a fixed price on a future date (REPO or stocklending). the arrangement is accounted for as a normal sales transactions and the financial assets arederecognized in the seller's book and recognized in the buyer's book.
2.02.08 Financial gu.ranaecs
BFRS: As per BAS 39. financial guamntees are contracts that require an entitv to make specified payments toreimburse the holder for a loss it incurs because a specified debtor fails to make pa)ment when due inaccordance with the terms ofa debt instrument. Financial guarantee liabilities are recognized initially at theirf'air value. and the initial fair value is amortized over the life ofthe financial guarantee. The financial guaranteeliability is subsequently caried at the higher of this amortized amount and the present value of any expectedpavment when a payment under the guarantee has become probable- Financial guamntees are included withinother liabilities.
Bangladesh Bank: As per BRPD 14, financial guarantees such as letter of credit. letter of guarantee will betreated as off-balance sheet items. No liabiliry is recognized for the guarantee except the cash margin.
2.02.09 C{sh arld cash equiYrlents
BFRS: Cash and cash equivalents items should be reported as cash item as per BAS Z.
Bangladesh Bank: Some cash and cash equivalent items such as 'money at call and on short notice',Trcasury bills, Prize bond ar€ not shown as cash and cash equivalent. Money at call and on short notice issho\vn as f'ace item in balance sheet, and Treasury bills. Prize bonds arc shown in Investment,
2,02,10 Non banking assets
BFRS: No indication ofnon barking ass€ts is found in any BFRS.
Bangladesh Bank: As per BRPD Circular No. 14 dated 25 June 2003. there must exist a face item namedNon-banking asset.
2.02.1I Cash flon statement
BFRS: Cash flo$ statement can be prepared either in direct method or in indirect method. The presentation isselected to present these cash flows in a manner that is most appropriate for the business or industry. Themethod selected is applied consistently.
Bangladesh Bank As per BRPD Circular No. 14 dated 25 June 2003. cash florv is a mixture of direct andindirect nrethods.
2.02.12 Balance with Bugladesh Bonk (CRR)
BFRS: Balance with Bangladesh Bank should be treated as other assets as it is not available for use in day toda) operations as per BAS 7.
B{ngladesh Bxnk: Balance with Bangladesh Bank is treated as cash and cash equivaleots.
2.02.13 Presentation of intangible asset
BFRS: An intangible asset must be identified aod rccognized, and the disclosurc must be given as per BAS 38.
Bangladesh Bank: There is no regulation for intangible assets in BRPD Circular No. l4 dated June 25, 2003.
2.02.1,1 OIT brhnce sheet items
BFRS: There is no concept of off balance sheet items in any BFRS: hence there is no requirement ofdisclosure ofoff balance sheet .
Brngladesh Brnk: As per BRPD Circular No. 14 dated June 25. 2003. off balance sheet items (e.g. Letter ofcredit. Lefter ofguarantee etc.) must be disclosed separately on the face ofthe balance sheet.
2,02.15 Lo{ns and rdvance nct of provision
BFRS: Loans and advances should be presented net ofprovisions.
Bsngladesh Btnk As per BRPD 14, provision on loans and advaoces are presented s€parately as liabilityand cannot be netted offagainst loans and advalces.
2.03 Basis of mcasuremeltThe financial statements of the Bank have been prepared on the historical cost basis except for the followingmaterial items:a) Government Treasury Bills and Bonds designated as'Held for Trading (HFT)'at present value using markto market concepl with gain crediting to revaluation reserve.
b) Govemment Treasury Bills and Bonds designated as 'Held to Maturity (HTM)' and Re-measured(;overnment Treasury Bond at present value using amortization concept.c) lnvestment in shares of listed companies.d) Land and Buildings is recognized at the time of acquisition and subsequently measures at fair value as perBAS l6 (Property, Plant and Equipment).
2,04 Bssis of consoliditio,A separate set of records for consolidation of the statement of affairs and income and expenditure of thebranches are maintained at the Head Office ofthe Bank based on which these financial statements have beenprcpared.
The consolidated financial statements comprise ofthe financial statements ofsonali Bank Limited, includingoverseas branches Kolkata and Siliguri, Subsidiaries-Sonali Investment Limited and Sonali Exchange Co. Inc.(SECI), USA as well as associates Sonali Bank (U.K) Ltd. and Sonali Polaris FT Ltd. as at 3l December20t 4.
2,04.01 Subsidiaries
Subsidiaries are entities controlled by the group. ln compliance with BAS 27 "Consolidated and SeparateFinancial Statements", the financial statements of subsidiaries are included in the Consolidated FinancialStatements from the date that control commences until the date the control ceases.
2.04.02 Associates
ln compliance with the requirement ofBAS 28 "Investment in Associates", the accounting treatment regardinginvestment in associates have been addressed.
2.04.03 Transrctions elimimtcd or consolid.tion
lntra-group balances and tmnsactions and any unrealized income and expenses arising from inha-grouptransactions are eliminated in p.epa.ing the Consolidated Financial Statements. Unrealized gains arising fromtransactions rvith equi! accounted investees are eliminated against the investment to the extent ofthe grcup'sinterest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to theextent there is no evidence ofimpairment.
2.05 Use ofestimates and judgments
The prepamlion ofthe consolidated financial statements ofthe Croup and the financial statements of the Bankin conlbrmity with Bangladesh Bank Circulars and BFRSS requires management to makejudgments, estimates
and assumptions that affect the application of accounting policies and the reported amount ofassets, liabilities,inconre and expenses. Actual result may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions ro accounting estimates are
recognized in the period in which the estimate is revised and in any future period affected.
lnlbrmation about significant areas of estimation uncertainty and critical judgments in applying accountingpolicies that have the most significant effect on the amounts rEcognized in the coNolidated financialstatements.
,isqli.Yrn"*' ):.\\\ud 2l
2.06 Ch{nges itr {ccountiDg estimrtc rnd errols
The etlect of a change in an accounting estimate shall be recognized prospectively by including it in profit or
loss in:
(a) the period of the change, if the change affects that period onlyl or(b) the period of the change and future periods, if the change affects both. To the extent that a change in an
accounting estimate gives rise to changes in assets and liabilities. or relates to an item of equity, it shall be
recognized by adjusting the carrying arnount of the related asset. liability or equity item in the period of the
change. Material prior period errors shall be retrospectively corrected in the first financial statements
authorized lbr issue after their discovery by:
(i) restating the comparative amounts for the prior period(s) prcsented in which it is required to make proper
comparisoll: or(ii) if the error occurred beforc the earliest prior period presented. restating the opening balances of assets,
liabilities and equity for the earliest prior period presented. The most significant effect on the amount
recognized in the financial statements are described in the notes 6.02. 9.00- 9.08.01. 17 00 and 18.00.
2.07 Books of ,ccountsThe Conrpany maintains its books of accounts for main business in electronic form through soft automation.
2.08 Foreign currency transactions
2.08.01 Functional and present.tiontl currency
Financinl sratements of the Bank are presented in Taka, which is the Bank's t'unctional and prcsentational
currcrlc].
2.08.02 Foreign currency trusrctions
Forcign currency tmnsactions are converted into equivalent Taka currency at the ruling exchange rates on the
respectivc dates ofsuch transactions as per BAS 2l "The effects ofChanges in Foreign Exchange Rates"
Assets and liabilities in foreign curencies at 3l December 2014 have been converted into Taka curency at the
average ofthe prevailing buying and selling rates ofthe rElevant foreign currencies at that date except Balances
with other Banks and Financial Institutions which have been converted as per directives of Bangladesh Bank
vide its circular no. BRPD(R) 71712004-959 dated 2l November 2004.
2.08.03 Commitment
Commitnrents for outstanding forward tbreign exchange contracts disclosed in these tinancial slatements are
trauslated at contracted rates. Contingent liabilities/commitments lor letter of credit. letter of guarantee and
acceprance denonrinated in for€ign currencies are expressed in Taka terms at the rates of exchange ruling on
the date of balance sheet.
2.08.04 Foreign opcration
The nsscls & liabilities of foreign operations are translated to Bangladeshi Taka al exchange rate prcvailing at
the statenrent of financial position (balance sheet) date. The income & expenses of foreign op€rations are
translated at average rate ol e\change for the year. Foreign currency diflerences are recognized and presented
in the {breign currency tmnslation reserve in equity. When a foreign operation is disposed of such thal control,
the cumulative amount in the translation reserve related to that foreign operation is reclassified to profit or loss
as pa( of the gain or loss on disposal. When the Group disposes as the only part of its interest in a subsidiary
that includes a foreign operation while rctaining control, the relevant proportion of the cumulative amount is
reactivated to non-controlling interest.
2,08.05 Translation gain ,nd losses
Gails or losses arising out of translation of foreign exchange
Accounts and in Balance Sheet.
2.09 NlsterialitJ, aggregttion and offsetting
The Bank aggregates each mate al class of similar items and
firnctioD unless those are immaterial. The Bank did not offset
unless required or permifted by BFRS
have been included in the Profit and Loss
separately which are dissinrilar in nature orassets and liabililies or income and expense,
.to)..22
2.10 Cssh Flow Statemenl
Cash fjlow Statement is prepared pdncipally in accordance as per the guidelines of BRPD Circular no.14 dated
25 Jrrnc 2003. The Cash Flot.Statement shows the structure ofand changes in cash and cash equivalents
during the jear. Cash Flous during the year have been classified as operating activities. investing activities and
financirlg activities.
2,ll Statemeni ofChlnges in Equity
The statement of chalges in equity reflects informalion about increase or decrease in net assets or wealth.
Statement of changes in equity has been preparcd in accordance with Bangladesh Acc.ounting Standards BAS
I "Presentation ofFinancial Statements" atld relevarlt guidelines ofBangladesh Bank.
2.12 Liquidit-r- strtemert (Asset tnd Liability Maturity Analysis)
The liquidity statenrent has been prepared in accordance with remaining maturity grouping of Assets and
Liabilities as ofthe close ofthe year as per following bas€sl
a) Balarce with other banks and financial institutions. money at call and on short notice etc. on the basis oftheir maturity temib) lnvestments on the basis oftheir residual maturity term:
c) Loans and advances on the basis oftheir repayment/maturity schedule:
d) Fi)ied assets on the basis oftheir useful lives;
e) Other assets on the basis oftheir adjustment;
0 Bolrorviogs from other banks and financial institutions, as per their maturity/repaynrent term;
g) Deposits and other accounts on the basis oftheir maturity term and behavioral past trend;
h) Other long term liability on the basis oftheir maturity term:
i) Provisions and other liabilities on the basis oftheir settlemetlt:
2.13 EveI|ts {fter the Reporting Period
Events alier the reporting period that provide additional information about the company's position at the
balance Sheet date are reflected in the financial stalements in Note no. 48 as per Bangladesh Accounting
Standards BAS l0 "Events after the Reporting Period"
2.14 Going Concern
The accompanying financial statements have been preparEd on a going concem basis. which contemplates the
realization of assets and the satisfaction of liabilities in the normal course of business. The acc.mpanying
financial statements do not include any adjustments should the bank be unable to conlinue as a going concern.
2.15 Assets rnd the brsis oftheir v.luationThe accounting policy hare been applied consistentl)'to all periods presented in this consolidated linancial
statements and those of the bank and have been applied consistentl) by the group entities except as explain in
Note 2.02.
2.15.01 Cesh {nd cash equivrlentsCash and cash equivalents include noles and coins on hand, un.eslricted balances held \vith Bangladesh Bank
and highll. liquid financial assets which arc subject to insignificant risk ofchanges in their fair value. and arc
used b; the bank management for its short term commitments as well as prize bond.
2,15.02 Investments
All irrrestnrents are initiall! recognized at cost, including acquisition charges associated with the investment.
premiunrs are amortized and discount accredited, using the effective or historical yield method. Accounting
treatment of govemment lreasury bills and bonds (categorized aS HFT or/and HTM) is made following
Bangladesh Bank DOS circular letter no. 5 dated 26 May 2008 and as amended on 28 January 2009 and DOS
Circular letter no. dated l9 January 2012.
2.15.02.01 Held to Msturity (HTM)
Invesrments (financial instruments) which have fixed or determinable maturity date and the bank has no
intention to sell before their maturity date irrespective of changes in market prices or the bank's financial
posili( or pedormance are grouped as held to maturir.v. Government TreasuD Bills. Covemnrent Treasury
Bonds and other securities approved for statutory liquidity reserves have been classilied as held to maturity
linancial asset. These are measured at amortized cost at each year end by taking into account any discount or
prerniunl ir acquisition. Any increase or decrease in value ofsuch investments is booked to equity.
2l
2.15.02.O2 Held for Trading (HFT)
The securities under this category are the securities acquired by rhe bank with the intention to trade by takingadvantages of short term price/inter€st movement, and the securities those are classified as HFT by fhe Bank
held in excess ofSLR (net ofCRR) at a minimum level. [nvestments classified in this category are principally
for the purpose ofselling or repurchasing on short trading or if designated as such by the management. In this
categoD- investments are measured in fair value and any change in the fair value i.e. profit or loss on sale ofsecuritics in HFT category is recognized in the Profit and Loss Account.
Value ofinvestments is stated as per the following bases:
P.rticularc V.lurtionM.thnd
Governmena Securilies:
Governrnent Treasury Bills Present Value
Prize Bonds Cost Pric€
Bangladcsh Bank Bills Cost price
Special Treasury Bonds Present Value
Reverse Repo Cost Price
Debentu,Es of Govt. Corporations Cost price
Other ln\estmeDts (Quoted Shares) Market Price
Other lnvestments ( Other than Quoted Shares) Cost Price
2.15.02.fi! REPO end Reverce REPO
Since I September 2010 transactions of REPO and Reve6e REPO are recorded based on DOS Circular No. 6,
dated l5 July 2010 of Bangladesh Bank. tn case of REPO of both coupon and non-coupon bea ng (Treasury
bill) securit),. Sonali Bank Limited adjusted the Revaluation Reserve Account for HFT securities and stopped
the \\,eekly revaluation (if the revaluation date falls within the REPO period) of the same security. For interest
bearing security. SBL stopped the acc.ual of interest during REPO period.
2.15.02.u Available for sile
lnvestmerts (financial instruments) in shares that have a quoted price but are not held for trading and
iDvestments in shares that are not quoted in an active market and are not held for trading arc grouped as
Available for sale. Financial iostruments grouped under this head are presented in Annex-F. All shares quoted
and utquoted have been presented in financial stalements at cost instead ofmarket price as described in note
2.15.02.01.
2.15.02,05 Investment in Quoted and unquoted securities
lnveshrents in equity instrumentvshar€s that are not quoted in active market are not measured at fair value due
to absence of information requircd to measure in fair value reliably: so these arc presented at cost. The equity
instruments that are quoted in active market are measured at fair value. Details ofquoted and unquoted shares
are shown in annexure - F-
2.15.02.ffi Revaluation of investment
As per the DOS (BB) Circular letter no.05 dated 26 May 2008 & subsequent anrended circular no.05 dated
28 January 2009. HFT (Held for Trading) securities are revalued on weekly basis and HTM (Held to Maturity)
securities are amo ized on yearly basis. The HTM securities are also revalued ifthey are reclassified to HFT
category with the Board's approval. Any gain or loss on revaluation of HTM securities is recognized in the
stateorent of changes in equiq. Gain/(Loss) on rcvaluation of HFT securities is recognized in the profit and
loss account on weekly basis and gain on revaluation is tmnsferred to statement of changes in equity on
monthly basis.
t'-rr=t'''.<sr-_\r. 24
Inv€stmeot clxss lniti.l RecognitionMersuremcnt ifter initialrecognition
Recordirg ofchanges
Covt. I -bills/bond (HFT) Cost Face valueLoss to P & L, gain toRevaluation Reserve
throush P & L
Covt. 'I -bills/bond (HTMI Cost Amortized costlncrease or decrease in
value to equity
Debenture/Bond Face value Face value None
Ilvestment insecuritics
listedCost Fair value
Loss to P & L, gain to
Revaluation Reserve
Prize bond Cost None None
2.1s.02.07 lnvestments in subsidi.rylnveshneDt in subsidiaries is accounted for under the cost method of accounting in the Banks financial
statenrents in accordance with Bangladesh Accounting Standard (BAS) 27. Accordingly, investments in
subsidiaries are stated in the Banks balance sheet at cost, less impairment loss€s if any
2.15.02.08 Investments in {ssociates
Invesl,nent in associates is accounted for in the books of financial statements ofthe Ba[k. in accordance with
the Bangladesh Accounting Standard (BAS) 28'lnvestments in Associates'.
2.15.02.09 lnvestment ind related income(a) lnconre on investments other than shares is accounted for on accrual basis concept: and
(b) Dividend income on investment in sharcs is accounted for in the year when right has been established.
2.15.03 Lorns and ,dvrnces rnd its provisio[irgLoans aDd advances are stated at gross amount. General Provisions on unclassified loans and Off-Balance
Sheet llenrs- specific provisions for classified loans and interest suspense account thereon are shown under
othel liabilities. Provision is made on the basis of quarter end against classified loans and advances review by
rhe nranaBement and instruction contained in BRPD Circular no. 14 daled 23 September 2012 BRPD circular
no. l9 dated 2? December 2012 and BRPD circular no. 05 dated 29 May 2013.
2.15.03.01 lnterest on loans rnd advances
i) lnterest is calculated on unclassified loans and advances and recognized as income during the year;
ii) Interest calculated on classified loans and advances as per Bangladesh Bank Circulars is kept in interest
suspense account and credited to income on realization;
iii) Irterest is calculated on daily product basis but debited to the party's loan account quarterly. No interest is
chargcd on loans and advances rvhich are classified as bad and loss:
i!) Total balaDce of loans and advances as on 3l Decenrber 2014 includes bad/loss loan Iaka 69.04q.88
million on rvhich the Bank did not accrue any interest because ofdeterioration ofqualiR ofloans and advances
detemrincd by the management and on the basis of instructions contained in Bangladesh Bank Circulars as
menlioned in Not€ 2.15.03 ofthis financial statements; and
v) Interesr suspense and penal intercst, if any, calculated on classified loans and advances are taken into
inconre in the year of its receipt from the defaulting bonowers.
2.15.03.02 Provision for loans and advances
Provision fbr loans and advances are made on quarter basis as well as year-end review by management
follo*ing i[structions contained in BRPD Circulars issued by Bangladesh Bank. Ceneral Provision on
unclassified loans and advances and specific provision on classified loans & advances are given below:
Rote of
ParticuhrsShort
term .gri-credit
Consumcr Finrncing
SMEFLoa[ to
BHs/MBs/ SDs
All othercrcdit
OthcrThrIrHF&
HF LP
UrclassitiedStandard 2.500/0 50/o 2o/o 2o/o 0.25vo 2o/o 'lo/o
SMA 00/o 5o/o 2% 2Yo 0.250/0 2o/o lo/o
Classitied
SS 50/o 20o/o 2V/o 200/0 200/0 20o/o 20o/o
DF syo 500/o 50% 50o/o 50% 50"/o 50o/o
BL 1000/0 1000/0 t00vo t00% lo0vo llf/o t000/.
2.15,G1.03 Presentrtion ofloans rnd advlnces
Loans and advances are shown at gross amount as assets while interest suspense and loan loss provision
against classified advances are shown as liabilities in the statement offinancial position.
2.rs.03.04 Write off lo{ns and rdvances
Loans and advances/investments are written off as per guidelines of Bangladesh Bank. These written
off horvever will not undermine/affect the claim amount against the borrower. Detailed memorandum
records tbr all such wriften offaccounts are meticulously maintained and followed up.
2.15.03.05 Securiiies Ng{iDst Loan
Project loani Land and building are taken as security in the fotm of mortgage and plant & machinery are
taken in the tbrm ofhypothecation.Working cepitrl .nd trrding lorn: Goods are taken as security in the form of pledge and also goods are
taker as security in the form of hypothecation along with land and building as mortgage (value not less than
1.50 tinres covering the loan amount) in the form ofcollateral security.
House building loin: Land and building are taken as security in the tbrm of mortgage.
Overdreft: FDRs are taken in pledge. The balance in DPS/JBSPS/SDPS A/C's is taken in "lien".
Public sector loan: In most cases Govt. Guarantee is taken and no security is taken for govemment
loan and Crops loans in agriculturc sector.
2.15.u Bills Purchased and Discounted
a) Bills pLrrchased and discounted do not include Covemment Treasury bills and have been classified into two
sub-heads vizi) Pa) able outside Bangladesh.
ii) Payable in Bangladesh and
l,) The bills purchased and discounted have b€en analyzed in the form/terms as per the maturity grouping.
2.1s.05 Propert! Phnt and Equity
2.1s.05.01 Recognition and Mersurcmcnt
All Prope(). plant and equipment are classified and grouped on the basis oftheir nature as required in BAS I
''PreseDtation of Financial Statements". The major categories of Property, plant and equipment held by the
bank ar.e property (Premises & Buildings), Library Book. Fumiture and fixtures. Electrical lnstallations,
Typervriters and Calculating machines, Computer/Softrvare. Motor Car and other vehicles. As per Para 3l ofBAS 16 after recognition as an asset, an item of propeny... plant and equipment rvhose fair value can be
measured rcliably shall be carried at a revalued amount, being its fair value at the date ofthe r€valuation less
any subsequent accumulated depreciation and subs€quent accumulated impairment loss€s.
All Fi\ed Assets are stated at cost less accumulated depreciation as per BAS 16 "Property, Planl &Equipmc l". The Cost ofacquisition ofan asset comprises its purchase price and any directly attributable cost
of bringing the ass€ts to its working coodition for its intended use inclusive ofinrvard freight, duties and non-
refundable taxes.
The bank recognizes in the carrying amount ofan item of propertv plant and equipments the cost of replacing
part ofsuclr an item when that cost is incurred if it is probable that the futurc econonric benefits embodied with
the item will flow to the bank and the cost ofthe item can be measured reliably. Expenditure incurred after the
assets have been put into operation, such as repairs and maintenance is normally charged off as revenue
erpendilure iD the period in rvhich it is incurred.
As guicled in paragraph 30 of BAS 16 "Property Plant and Equipment" these are capitalized at cost of
acquisition and subs€quently stated at cost less accumulated depreciation. The cost of acquisition of an asset
comprises its purchase price and directly attributable cost ofbringing the assets to its working condition for its
intended use inclusive ofinward fright, duties and refundable taxes. The opening and closing carrying amounts
of all prcperty and equipment are pr€sented including the amount of additions. disposals and depreciation
charged during the year as rcquired by paragraph 73(a-e) of BAS 16 Repairs and Maintenance expenses that
does Dol increase in the future economic b€netit ofassets is charged to profit & loss account.
26
2.15.05.02 DePrcciation
Asrequ;redinparagraph43ofBAS16,'PropertyPlantandEquipment.,deprcciationhasbeenchargedatthefollo\ingratesonreducingbalancemethodonallfixedassetsotherthanmotorvehiclesandcomputersoftNare lvhich are depreciated on stmight line bosis ard no depreciation on land is charged'
Crt€gory of fixed assetsR{te of
deDreciraion
Land00/"
R'rildinp 2.500/0
Library70/o
Fixiures l0o/o
Electrical Installation 2V/o
Typewriters and Calculating machines 20o/o
Conrputer/ Software 200/0
M6ior Crr and other vehicles2P/o
6-"p'*a.i"""''"*ry""q"i*dassetsischargedftomthedateoftakeitinus€andnodeprcciationischargedon assets lbr the period which are taken in use after 20th Decemb€r ofthe year. ln case of assets disposed oldepreciation is charged up to the date of disposal of such assets Du ng the year overseas branches sho$r
Taka 1.743-959 as depreciation on fixed assets and certified by the local independent auditors'
2.15.05.01 Disposal of Iired sssets
On the disposal of fixed assets. the cost and accumulated depreciation are eliminated from the fixed assets
sclreduleandgainsorlossesonsuchdisposalarereflectedinthestatementofcomprehensiveincome(profitand loss account) as p€r provision ofBAS l6 "ProPerty' Plant and Equipment"'
2.15.05,04 RevnlufltionThe lixed assets of the Bank have been revalued three times. In the year of 2007. following the instruction of
veDdols agreemenl signed between sonali Bank Ltd. and Ministry of Finance- revaluation of all assets had
beendoneandtotalvalueenhancedbyTakaS,s33.82million.Subsequent|y'in20llrevaluedbyTakal2.026.80millionand|astlyintheyear2013byTaka9'469.13mil|ion.Norevaluationhasbeenmadeduringthe year 2014.
2.15.0s.05 ImpairmentTlrecar.ryinganrountoftheassetsshouldbereducedtoitslecoverableamouotwhencarryingamountofanasset is exceeding the recoverable amount ofthat asset. That rcduction is an impairment loss hence recognized
as erpenses in the statement ofcomprehensive income (profit and loss account)'
2.15.06 Oth€r Assets
other assets compse inveslment in subsidiaries (Sonali Exchange Co.,lnc' Ltd. Inc USA and Sonali
lnvestment Limited). Prepaid Expenses, Branch adjustment. fees and unrealised income receivable, advance
for operatiog and capital exp€nditure and stocks of stationery and stamp. Details are shown in Note-g. and
ottrers as per Bangladesh Bank circulars. Receivables are recognized when there is a conractual right to
recei\e cash or another financial asset from another entit)'
2.15.06.01 Chssificntion of othcr isscts
other asscrs ha\€ been classified as per BRPD Circular no. 14 dated 25 June 2003 of Bangladesh Bank and
necessary provisions made thereon accordingly and foI items not covered under the circular, adequate
provisions have b€en made considering their realize ability'
2.15.06.02 Writter olf of othcmss€tsother assets having no realistic prospect of recovery have treen written off against full provision without
reducing the claimed amount ofthe Bank. Notional balances against other ass€ts written off have been kept to
maintain the detailed memorandum rccords for such accountvassets'
2.15.07 lntxngibles {ssets
An intangible asset is recognized only when its cost can be rneasured reliably and il is probable that the
expected future economic benefits that are aftributable to it rvill florv to the Bank. Intangible assets acquired
separatell, are easuned on initial recoglition at cost. The cost of intangible assets acquired in a business
cornbination is their fair value as at the date ofacquisition. Following initial recognition, intangible assets are
carried 6t cost less any accumulated amortization and any accumulated impairment losses. The useful lives of
intangible assets are assessed to be either finite or indefinite'
Intangibleassetswithfinitelivesareamortizedovertheusefuleconomiclife.Theamortizationperiodandtheamoft;ation method fof an intangible asset with a linite useful life are reviewed at least at each financial year
end.Changesintheexpectedusefullifeortheexpectedpatternofconsumptioooffl.rtureeconomicbenefitsembodiedintheassetareaccountedforbychangingtheamortizationperiodormethod,asappropriate,andtheyaletreatedaschangesinaccountingestimates.Theamonizationexpenseonintangibleassetswithfinitetivis is pr.esented as a sepafate line item in the statement ofcomprehensive income (profit and loss account).
Amortization is calculated using the stmight-line method to $rite down the cost of intangible assets to their
residuat values over their eslimated ureful lires. lntangible ass€ts_valuation adjustment has been addressed
inlille \vith regulatory decision
2.15.0, Non-banking lssets
Non.bankingassetsincludestheassetsacquiledagainstthebaddebtloanstoadjusttheloan.Therearcnoassets acquired in exchange for loan during the period offinancial statements'
2,16 Liabilities {nd Provision
2.16.01 Borrowing from other b.nks' fin.rcial irstitutions and agents
Borro..'ingsfromotherbanks,financialinstifutionsandagentsinc|udeborrowingftomBangladeshBank,inside anJ outside of Bangladesh. These items are brought to financial statements at the gross value of the
outstanding balance. Details are shown in Note I I'
2.16.02 Deposits and Othcr Accourts
Deposits and othef accounts include non interest-beafing current deposit redeemable at call. interest bea ng on
demand and short-term deposits. savings deposit and fixed deposit Th€se items are brought to account at the
gross Yalue of the outstan;i g balances. Deposits and other accounts include bills payable have been analyzed-in
tenns ofthe maturity grouping showing separately othel deposits and inter-bank deposits. Details are shown
in Note 12.
2.16.03 Other liabilities
Other liabilities comprise items such as prcvision for loans and advances/investments/other assets, taxation,
superannuation fund. gratuit) fund and off balance sheet exposure and also includes interest payable' intercst
.u,p"n*".a"".u"d"*p"nsesetc.olherliabilitiesarerecognizedinthebalancesheetaccordingtotheguidelinesof BalSladesh Bank, lncome Tax Ordinance, 1984, BAS 37 and intemal policy of the Bank Provision and
u""ru"J "*p"na"a
are recognized in the financial statements when the bank has a legal or constructive
obligation as a result of past event, it is probable that an outflow of economic benefit will be required 10 settle
the ibligation and a relitbb estimate can be made on the amount of the obligation. Details are shown in Note
13.
2.16.04 Taxationlncometaxrepresentsthesumofthecurrenttaxanddeferredt&\payable.Incometaxass€ssmenthasbeenfinalizcd up to 1997 as wellas the year l999 Case pending for the year 1998' 2002 to 2013'
2.16.04.01 Current tarThe ourrcnt ta\ payable is based on taxable prcfit for rhe year. Taxable profit differs from profit as reported in
the prcfit and Loss Account becaus€ it excludes items of income or expense that are taxable or deductible. The
Banks liability fbr current tax is calculated using tax rates that have been enacted or substantively enacted by
the date of Balance Sheet.
Provision tbr current income tax has been made as per lncome Tax Ordinance 1984
2.16.04.02 Deferred tax
value ol assets and liabilities as required by Bangladesh Accounting standards BAS-12: ',lncome Taxes'.
Del'e ed tax is not recognized for the following temporary differences:
. on the initial recognition of ass€ts or liabilities in a transaction that is not a business combination and that
affects neilher accounting nor taxable profit or loss:
, related to investments in subsidiaiies to the extent that it is probable that it will not reverse in the foreseeable
future: nnd. arising on the initial recognition of goodwill.
28
DefeflEd Tax is calculated on the taxable/deductible tenrporary differences between tax base and carrying
deferrcd taN is measurcd at the tax rates that are expected to be applied to the temporary ditlercnces when they
reverse- based on the laws that hale been enacted or substantively enacted by the reporting date.
Del'erred tax assets and liabilities are offset if there is a legall)- enforceable right to offset current tax liabilities
against curreDt tax assets. and they relate to income taxes levied by the same tax authority on the same taxable
entity- or on different tax entities. but they intend to seftle current tax liabilities and assets on a net basis or
their ra)( assets and liabilities wiu be realized simultaneously. Deferred tax is conrputed al the pr€vailing tax
rate as per Finance Act 2014.
A det'eflcd tax asset is recognized for deductible temporary dillerences to the extent that it is probable that
t'uturc taxable profits will be available against which they can be utilized. Deferred tax assets are reviewed at
each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be
realized.
2.16.05 Employee benefit schemes
Accounling recognition & measurement as well as the disclosures requirements for different benefit schemes
for emplolees are the following:
2.16.05.01 Emplot.,ees General Providetrt Fund
Employees Ceneral Provident fund is operated from 13 September l98l under which the concemed employees
are required to contribute at least l07o and highest 3070 (on declaration) oftheir basic salary with no matching
contribution by the bank. This Fund relates to the employees who are availing Pension and Death-Cum-
Retirement Benefit (PDCRB) Scheme.
2.16.05.02 Contributory Proyident Furd
The bank operared a Provident Fund named as Contribulory Provident Fund into which the bank contributed
l07o ol'th€ basic salary of its eligible employees while the employees contriblted an equal amount to the fund.
This t'und is operated by trustees. Employees enjoying contributory provident f'und facilities are entitled
gratuit). lbr 2 months last basic pay drawn lbr each completed year of service subject to completion ofminimufl l0 years of s€rvice. The scheme is operated on cash basis.
2.16.05.03 Pension and Desthtum-Retirement Benelit (PDCRB) Scheme
The bank operated a Pension Fund named as Pension and Death-Cum-Retirement Benefit (PDCRB) Scheme
for the employees ofceneral Provident Fund into which the bank contributes 3070 ( June 2014) ofthe basic
salaD.ol its eligible employees. Payments out ofthis fund are made to the employees on their sepamtion from
bank's scr\,ice.
2.16.0s.04 Gretuit)'
The Bank introduced the Gratuity scheme for the member of the Employees of Contributory Provident Fund
into Nhich the Bank contributes 30yo (June 2014) ofthe basic salary of its eligible employees. Payments out ofthis schenre are made to the members on their separation from bank's service.
2.16.05.05 Inrestment of ahe Pensior/Gratuity Funds
The balance of Pension/Gratuity funds are partly invested in approved securities $ith a view to increasing the
Fund arrrl renraining balance being utilized by the bank to\vards payment ol retirement benefits to the
emplo)ees.
2.1c05.06 Administr.tion of the Fund
The Provident Fund, Pension Fund and Gratuity are being administered by two administrative committees each
ofwhich consists of9 (nine) members representing I from Chairman, 5 (five) from Board ofDirectors, I from
Managing Director and CEO. I (one) from oflicers and another from members ofthe stafl
2.16.05.07 Bene\'olent Fund
This t'und is mainly crqated for sanctioning scholarship to the meritorious students among the childr€n oftheBank employees. The distressed employees and family member of deceased employees are also helped from
this Fund.
29
2.16.05.08 Lerve encrshmeDt
The Ofilcer/Staff who has opted for Pension and General Provident Fund. will be entitled to leave encashment
facilitics up to twelve months ar the time of retirement as per letter No. MF/FD/Reg-2/leavel6/84/9 dated 2l
Januarl 1985 of Finance Division. Minisrry.- of Fioance. Government of Bangladesh But if a staff (not
oflicer) has edoyed /will enjoy leave encashment facilities before rdirement. he will be provided wilh the rest
anlounr after deduction of the amount enjoyed earlier, as per lettef No. MF/B & l/Banking/2/l/80/l0l dated
3l May 1980 of previous Banking & lnvestment Division. Ministry of Finance. and Govemment of
Banglaiesh. The leave encashment benefit is paid to the incumbent debiting 'Expenditure fuC Leave
Encashment Code no. l2l7'. No additional fund is required during the year'
2.16.05.09 Death relief grrtlt scheme
The Bank operates a death relief scheme since I January 1991. which replaced the previous group insumnce
scheme. '[he scheme is applicable to all employees of the bank and paytDents out of this fund are made to the
successors of the employees on their death as per rate prescribed in the scheme'
2.16.06 Provision for Lo.ns rnd AdvrncesLoans and advances are stated at grcss amount, Geneml provisions on unclassified loans and contingent assets,
specific provisions for classified loans and interest suspense account thereon are shown under other liabilities.
p;ovision against classified loans and advances is made on the basis of quarter and review by the management
and insrructions contained in BRPD Circular no. 14 dated 23 September 2012. and BRPD circular no. 19 and
dated 27 Dec€mber 2012 and BRPD circular no. 05 dated 29 May 2013
2.16.07 Provision for other rsseas
As per BRPD circular no. 14 dated 25 June 2001 of Bangladesh Bank classification aod provisions on other
assets have been made and adequate provisions have been made considering their fecoverability.
2.16.08 Provisions ard sccrued expelrses
ln contpliaDce lvith BAS 37. Pmvisions and accrued expenses are rccognized in the financial statements
wheD the bank has a legal or constructive obligation as a result of past event. it is probable that an outflow of
econoDric benefit will be required to settle the obligation and a reliable estimate can be made ofthe amount of
the obligation.
2.16.09 Provision for Off-BalaDce Sheet Exposures
ln compliance rvith Bangladesh Bank guidelines Off-Balance Sheet items have been disclose under contingent
liabilitts. As per BRPD Circular no.l0 dated l8 September 2007. Banks are required to maintain provision @
I o/o against Off-Balance Sheet Exposures (UC, Guarantee and Bills for Collection' etc )'
2.16.10 Provision for Nostro Accounts
AccordiDg to guideline of Foreign Exchange Policy Department of Bangladesh Bank, circulal no.
FEOD(FaMOy0l/2005-67? dated l3 September 2005, Bank maintains provision regarding the un-reconciled
debit balauce as at Balance sheet date since ther€ was no debit entries more than three month.
2.17 Capital rnd Shareholders' Equit]
2.17.01 Cipital Mrnagement
The bank has strategic capital management process for measuring, deploying and monitoring its available
capital alld assessing its adequacy. The aim of this capital management p.ocess is to achieve four major
objecti\es: exceed regulatory thresholds and meet long-term internal capital targets. maintain strong credit
.utir.rg- n,onug. capital levels commensurate with the risk profile of the bank and provide the banks
shareholder rvith acceptable retums
Capital is managed in accordance with the board approved capital management planning from time to time.
Senior nranagement develops the capital strategy and oversees the capital management planning ofthe bank.
The bank,s finance and risk management department are key to implementing the bank's capital strategy and
managing capital. Capital is managed using both regulatory control measure and internal mahix'
2.17.02 Paid up cnpitalThe paid up capital share capiral represents total amount of shareholder capital that has been paid in full by
the Co\.ernment of Bangladesh i.e. ordinary shareholder. In the event of winding-up of the company ordinary
shareholder(s) rank after all other shareholders and crcditors are fully entitled to any residual proceeds ofliquidatio.
2.17.03 Strtutory rescrveAs per the Banking Companies Act l99l (amended in 2013) (Secrion 24) it is required for the bank to transfer2070 of its cunent yea/s profit before tax to reserve until such reserve equals to its paid up capilal.
2.17,04 Dividends on ordinary shlresDividends on ordinary sharcs arc rccognized as a liability and deducted from equity when they are approved bythe Banks shareholders. Dividends for the year that are approved after the reporting date are disclosed as anevent after the reporting date.
2.17.05 Revaluetion Reserve
2.1?.05.01 Assets Reveluation Rcscrae
When an asset's carrying amount is incrtased as a result of a rEvaluation, the increase amount should becredited directly to equity under the heading of rcvaluation surplus/ reserve as per Bangladesh AccountingStandards 8A5-16: 'Property. Plant and Equipment'. The tax effects on revaluation gain are measured andrecognized in the financial statements as per Bangladesh Accounting Standards BAS-I2: 'lncome Taxes,.
2.17,05.02 Revalurtion Reserve for HTM & HFTAll HTM securities ate amortized at the year end and any increase or decrease of such investment is booked toequity. ln case of HFT revaluation. decrease in the present value is recognized in the profit and loss accountand any increase is booked to Revaluation Reserve Account through Profit and Loss Account as perBangladesh Bank DOS circular no. 5. dated 28 January 2009.
2,17,06 Contingent li.bilities sDd Cortingcnt ,ssetsA contingent liability is any possible obligation that arises form the past events and the existence of whichwill be confirmed only by the occuEenc€ or non-occurence of one or more uncertain future events not whollywithin the control of the Ban! or any present obligation that arises from past events but is not recognizedbecause:
' it is not probable that an outflow of resources embodying economic benefits will be required to settle lheobligation; or. the amount of the obligation cannot be measurcd with suflicienl reliability.Contingent liabilities are not recognized but dis€losed in the financial statements unless the possibility of anoutflow of resources embodying economic benefils is reliably estimated. Contingent assets are not recognizedin the finaflcial statements as this may result in the rccognition ofincome which may never be realized.
2.17.07 Meterirlity,,ggregrtiomnd oIT scttingEach material item as considered by management significant has been displayed separately in the financialstatements. No amount has been set off unless the Bank has legal right to s€t off the amounts and intends toseftle on net basis. Income and expenses are presented on a net basis only when permitted by the r€levantaccounting slandards,
The values of any asset or liability as shown in the statement of financial position ( balance sheet ) are not off-set by way of deduction from another liability or asset unless there exist a legal ght therefore. No suchincident existed during the year.
2.18 Revenue recognitioD
The rercnue during the year has been recognized following all conditions of revenue rccognitions asprescribed by Bangladesh Accounting Standards BAS l8'Revenue,.
2.18.01 Irtercst ilcomelnterest on loans and advances is calculated on daily product basis and accrued at the end of each month, butcharged to customersr accounts on quarterly basis. In terms of the provisions of the Bangladesh AccountingStaDdards BAS 8 'Revenue', the interest incom€ is recognized on accrual basis. Inter€st on unclassified loarsand advances have been accounted for as income on accrual basis, interest on classified loans and advanceshave been credited to intercst suspense account with actual receipt of interest there-from having credited toincome as and when received as p€r instruction of Bangladesh Bank.
2.18.02 lnvestment incomeInconre on investments is recognized on accrual basis. Investment income includes discount on treasury bills,interest on feasury bonds and fixed deposit with other banks, Capital gain on investments in shares is alsoincluded in investment income. Capital gain is recognized when it is realized.
3I
2,18,03 Fees xnd commission income
' Commission charged to customers on lefters of credit and letters of guarantee ale credited to income at thetime ofeffecting the transactions.
'['eeandCommissiononbillsdiscounted.purchased&othersarerecognizedatthetimeofrealization.. ti\change gains or losses arising out of such imnsactions are recognized as income or expense for the yeartbreign currency ransactions are converted into BDT at prevailing on the dates ofsuch transactions and dealtwith exchange account.
2.18.04 Dividend income on shrres
Dividend income from shares is recognized during the period in which they are declared and actually received.
2.18.05 Other operrting lncom€Other operating income is recognized at accrualbasis.
2.18.06 Profit/Loss of Overse{s Br.nchesProflr/loss ofthe bank's overseas bmnches has been reflected in this profit and loss account.
2.18.07 lnterest paid o Deposit xnd Borrowing
Interest paid on Deposit and Borrowing and others exp€nses are r€cognized as accrual basis,
2.18.08 Managemena .nd other expenser
Expenses incurred by the Bank are recognized on actual and accrual basis.
2,18.09 Regulatory & Legrl ComplirrceThe bank has complied with the requirement offollowing regulatory & legal authorit-v:(a) The Bank Companies Act.l99l (Amended in 2013)(b) Ihe Companies Act.1994(c) Rules & Regulator.,- issued by Bangladesh Bank(d) Securit] & Exchange Rules.l987(e) Securit) & Exchange Ordinance, 1969(f) Security & Exchange Commission Act, 1993(g) The Income-tax Ordiance.l984(h) VAT Act. l99l(i) Labor Act, 2006 (Amended in 2013)
2.18.10 Reconciliation of inter-bankand inter-brrnch rccourtAccounts with rcgard to inter bank (in Bangladesh and outside Bangladesh) are reconciled regularly and thercare Do material differences that may affect the financial statements sigoificantl).
2.l8.ll Segment reportirgFor the purpose of Segment Reporting as per Bangladesh Financial Reporting Standad 8, the followingsegments relating to rEvenue, expenses, assets and liabilities have been identified and shown in the rclatednotes accordingly as primary/secondary s€gments.
i) domestic operations in line with geographical segments;
ii) banking operations comprising ofbranches ofthe banking entityl andiii) treasury operations comprising ofthe banking entiry.Perlbrmance is measured based on segment profit before provision, as included in the intemal managementreports that are revierved by the Bank's Management. Segment report is used to measurc performance as
Management believes that such information is the most relevant in evaluating the results of certain segmentsrelalive to other entities that operate withiD these industfies.
2.18.1 l.0l Operating scgmcntsTIre Bank has five reportable segments. as described below. rvhich are the Bank's strategic business units. Theslrategic business units offer different products and services, and are managed separately based on the Bank'smanagement and intemal reporting structure. For each of the strategic business units, the Bank ManagementConrmittee reviex,s internal management reports on at least a quarterly basis. The following summarydescribes the operations in each of the Banks reportable segments:
32
i. Loans & Advances lncludes loans, deposits and other transactions and balances withcorporate customers & retail customers.
ii. Trcasury Undertakes the Bank's funding and maintenance of CRR and SLR, AssetJiabiliBmanagement through borroNings and placement. currency swap and investing inliquid assets such as shoft-rcrm placements and corpoBte and gov€mment deblsecurities.
iii. Overseas Branches(Kolkata. Siliguri)
Two (2) overs€as branches of Sonali Bank Limited are situated at Kolkata &Siliguri in India and operating banking business, nroney remittance etc. as p€r th€head olfice instructions and other activities as permitted under the banking law olIndia.
i\,. Sonali ExchangeCompany lncorporated(SECI). USA
Sonali Exchange Company Incorporated (SECI). USA, subsidiary company oISonali Bank Limited operates its business in USA. It perfbrms the activities oImoney remittance, issue cheques, payment instruments and travele/s cheque andother activities as permitted under the banking law of USA.
v. Sonali Investments
LinlitedEstablished to do all kinds of merchant banking activities including issuemanagement, underwriting, portfolio management and other hansactions.
2.18.12 Directors' responsibility on financirl stateme tsThe board of directors takes the responsibilit) for the preparation and presentation of these financialstatements.
2.19 Consolidation of the Firsrcirl Saatements
CoDsolidation ofthe Financial Statements is started from 201 I.2,20 Risk Msnrgement
The Bank Company Act l99l (amended in 2013) and the Bangladesh Bank Regulations require theManagement to ensure effectiye internal audit intemal control and risk managemeot functions of the Baok.The Management is also required to make a self-assessment on the elfectiveness ofanti-fraud internal contolsand report to Bangladesh Bank on instances offraud and forgeries.
Bangladesh Bank Department of Off-site Supervision (DOS) has issued Circular no. 02 dated 15 February2012 on Risk Management Guidelines for Banks and instructed all scheduled banks operating in Bangladeshto lbllow this Guidelines for managing various risks which have been compiled by the Bank.
In addition. the Bank is also following relevant Bangladesh Bank guidelines on risk based capital adequacy,stress testing and managing the banking risks in other co.e risk areas.
The Baflk has €stablished a Risk Management Division (RMD). The RMD conducts str€ss testing forexanrining the Bank's capacity of handling future shocks. as lvell as deals with all potential risks that mightoccur in firture.Being a linancial institution, in the ordinary course of business. the bank is sensitive to verities of risks. Thegeneric severitr, of such risk(s) is much intense in our localirJ_ due to presence of large number of banks andcomplex financial transactions. In such highly competitive envirooment to ensure a bank's consistent systemand performance. the presence of strong Risk Managemenr culture is obligatory. Being compliant, the bar* isnorv looking forward to take risk management practice to a different level. i.e. prcventing risk beforeoccurnence rather than a reactive manner; on a prcactive basis. As a part of regulatory and globalberchmarking the bank has based upon 06 (six) core risks guidelines of Bangladesh Bank and Baselframework. Listed below are the identified risks the bank is currently managing or intents to manage:
. lnte lal Control and Conrpliance Risk
. Foreigr Exchange Risk
. Crcdit Risk Management
. Asset Liability Management Risk
. Money Laundering Risk
. Infonnation & Communication Technolory Security Risk
. Environmental RiskAccordingly the bank has various high powered committees to monitor and ensure smooth risk management
activities. For example. Board Risk Management Commiftee, high powered central Risk ManagementCommittee. Departmental Risk Management Committee, Asset Liability Managenrent Committee (ALCO),lnvestment Committee, Credit Committee (CC) etc. To manage the overall risks of the bank in line of Baselthe bank has formed a dedicated Core Risk Management & Basel-ll Implementation Division. The detail ofSBL's risk management is stated below:
/5*\"E. 7
33
,) Internrl Control {nd Complixnce RiskEstablishment of sound control environment and effective compliance culture is the key stone of managing
operational risk. Intemal control is a pnocess to control overall activities of the Bank through establishing
policies- procedures, observance ofinstructions of regulatory authorities with a view to avoid any possible loss
from the lack ofcorpomte govemance.
To mitigate the operational risk, the Bank ensurcd effective intemal control systems for all of its operational
activities by intensi&ing the intemal audit function, comprehensive and risk based inspection in all branches
and Head Oftice. The Compliance Division ensures the settlement ofobjections or irregulaiiiies mentioned in
the audit reports under a strong monitoring process of the Management Commiftee (MANCOM). Besides
there is a division named Vigilance and Control Division under the direct supervision ofCEO and MD to act
at any sudden occurrence ofloss or inegularities.
The Barlk with the support of an Expert Team, has undertaken a program for upgrading its Internal control
and Compliance policy as rvell as other policies in the area of credit, audit. information technolo$/ and
acco nts as per intemational best practices.
b) Foreign Exchrnge Risk MaragemerlForeign Exchange Risk is defined as the possibility oflosses due to change in exchange rates interest rate etc.
accotding to nrarket forces. The Foreign Exchange Risk of the Bank is minimal as all the transactions are
carried out on behalfofthe customers against underlying Foreign Exchange transactions
Treas r-\ Division independently conducts the transactions and the Back Ollice ofTreasury is responsible tbr
verificarion of the deals and passing oftheir entries in the books ofaccount. Mid oftice coordinates the work in
between front office and back office functioning. All foreign exchange transactions are revalued at Mark-to-
Market mte as determined by Bangladesh Bank at the month -end. All NOSTRO accounts are reconciled on
regular basis and outstanding entries beyond 30 days are reviewed by the Management for their settlement.
c) Credit Risk M{DagementCredit risk is one ofthe crucial risk faced by the Bank. This can be described as potential loss arising from the
failure of a counter panl- (borro$€r) to perforn as per contractual agreement with the Bank. The failure may
resr.rlt i'ronr unwillingness ofthe counter party or decline in his/her financial condition. Therefore, Baflk's qedit
risk nlanagement actilities have been designed to address all these issues. The Bank has segregated duties ofthe OflicervExecutives involved in credit related activities. Credit approval. administration, monitoring and
recovery functions have b€en segregated. For this purpose, three separate divisions have been formed. These
are crcdit division, credit moniloring & recovery division and law division. Crcdit division is enttusted with
the dutics of maintaining asset quality, assessing risk in lending to a particular customer, sanctioning credit,
formulating policy/strate$/ for lending operation, etc.
Therc is a high power credit committee who manages the credit risk of the bank. A thorough assessmenl is
done belbre sanction of any credit facility at credit division. The risk assessment includes bormwer risk
analysis. financial analysis. industry analysis, historical performance ofthe customer. security ofthe proposed
credit thcility, etc. All credit proposals have been placed in credit commi(ee for sanction or make decline.
Managing Director is the Chairman of credit committee. Loans having big exposures are placed before the
Board ol Directors ofthe Bank for sanction.
ln determining single borro$erllarge loan limit, the inshuctions of Bangladesh Bank are strictly followed.
lnternal audit is conducted on periodical interval to ensure compliance of Bank's and Regulatory polices.
LoaDs alt classified as per Bangladesh Bank's guidelines.
d) Asset Liability Marsgement Risk
Bank has high powered Asset Liability Management commiftee (ALco) to monitor Balance sheet Risk and
liquidiB Risks of the Bank. The Balance sheet Risk is determined as potential change in eamings due to
change in rate of intercst foreign exchange rates and regulatory instructions, which are not of tnding nature,
Asset Liability committee (ALCO) reviews Liquidity requirement of the Bank, the malurity of assets and
liabilities. deposits and lending, pricing strategy and the Liquidity contingency plan. The primary objective ofthe Asset Liability Committee (ALCO) is to monitor and avert significant volatility in Net Intercst Income
(NII). investment value and exchange eamings for the purpose oftaking future action plan for better interest ofthe organization.
e) Mone! Laundering RiskRisk Associates with probable Money laundering activities is one of the major risk in the area of banking
sector. Money Laundering risk is defined as the loss of reputation and expenses incurred as penalty for being
negligent in prevention of money laundering. For mitigating the risk the Bank has designated chief
Conrpliance Oftcer at Head Office and Compliance Officer at Branches, who independently review the
transacliorls ofthe accounts to verify suspicious transactions.
Manuals fbr prevention of Money Laundering, KYC and Tmnsaction profile have been introduced. Training
has b€en being impaned ro Executives, Officers and staff for dev€loping awareness and skill for identifying
suspicious transactions and other Money Laundering related activities.
0 lnform.tion & Communicrtion Technology Security Risk
IT Guidelire is a systematic approach to policies requircd to be formulated for IT and also to ensure secu tyofinfbmrariul ard information systems. This guideline covers all information that is electronically generated,
received. sttrred. printed. scanned and typed. The provisions ofthis guideline apply to:
l. Sonali Bank Limited for allofits IT system.
2. All activities and operations required ensuring data securiD- including faciliq design, physical security,
network security, disaster recovery and business continuity Planning, use of hardware and software, data
disposal and protection ofcopy rights and other intellectual properly rights.
The implementation ofcore Banking Solution (CBS) will be linked from the branches to the central database.
Near luture the information will be easily accessible by senior management and is expected to be important
source of information of strategic decision-making process based on a comprchensive database. lt is to be
declarcd that tlre Baok is full) conrpliant according to the guidelitre ofCentral Bank's lT policy.
g) Environmentil RiskEnvironmental Risk is the neiv concem in the banking arena. Bank authority is very much aware about this. In
compliance rvith Bangladesh Bank's instructions and guidelines regarding environmental risk, all the activities
of the bank are being carried on. Specially, to approve the credit proposal. Bank Credit Committee
meticulously rcview the compliance status ofthe borrower regarding environmental requirement.
2.21 Risk l\'Ianagement Commiitee Disclosure
A Risk N4cnagement Committee. comprising Directo$ ofthe Board has been formed in consistence with Bank
CoDlpan) (Amendment) Law-2013 and directives of BRPD Circular No.l I dated 27.10.2013 of Bangladesh
Bank. Bank's risk management approach includes minimizing undue concentrations of exposure, limiting
potential losses from stress events and ensuring the continued adequacy ofall our financial remurces. The
connnittee is playing a vital role in risk managemeni of the bank. [t has a long term plan to develop risk
management culture in the bank.
The risk nranagement committee comprising of four members including chairman who are competent and
professionally skilled and also the director ofthe board, The name and status of the memb€r ofthe Board Risk
Management Committee are stated as follows:
Nrmc Status ir the Brnk Strtus iIr the
Mr. A. K. M Rezaur Rahman Director Chairman
Md. Shaheb Ali Mridha Director Member
Mr. Kazi Tariqul Islam Director Member
Md. Enamul Haque Choudhury Director Member
The risk nranagement commiftee of the Board of Directors has been fomred soon after the central Bank's
inst.uction. The committee conducted 6 meeting in 2014 where the follorving issues have been discussed:
-Formulated risk management strategies, methodologies. guidelines and processes for risk identification, risk
assessment. risk controlling and monitoring.
-Designed a suitable organization structurc for risk controlling. The committee will form s€parate risk
DranageDlent committee in management level and supervise their activities for compliance of instruction
regardi0g credit risk. lbreign exchange risk, intemal control and compliance risk. money laundering risk,
ICT risk and environmental risk.
-Revierved and updated all risk management policies and guidelines al least once in a year, ifnecessary they
will propose and place before the Board ofDirector for final approval.
+Evaluated. assessed and approved the record keeping and r€poning system formulated by the bank
manage ent.
,supen,ised the implementation ofoverall risk management policies and steps takeo for mitigation ofcredit
risk. nrarket risk and operational risk along with other risks.
,subnrirred the report of decision and recommeudation made by the commiftee lo the Board on a quanerly
basis.
-Fotlo\\ed the instruction circulated by the controlling authori$. etc.
35
2,22 Audit committee Disclosure
ln compliance with the polic) directives as well as compliance lYith the BRPD Circular No. ll dated 2?
October 2013 and previous circular BRPD Circular no. 12 dated 23 December 2002 of Bangladesh Bank' an
audit committee of the board of Sonali Bank Limited was constituted by the Board of Directors in its 6l5th
meeting held on 15 March 1999 and thercafter lastly r€constituted in the 278th board meeting ofsonali Bank
Linrited held on 07 January 2013. The audit committee comprises of four members including chairman who
are conlpetent and professionally skilled and also the director of the board. The company secretary acts as a
secrctary of the audit committee. The name and status of the member of the audit committee are stated as
follorvs:
Sl. No. Name St.tus in the Brnk St.tus in the committee
I Mr. RanJit Kumar Chakraborty Director Chairman
Mr. Shekhar Dutta Director Member
Md. Shaheb Ali Mridha Director Member
4 Mr. Kaz i Tariqul lslam Director Member
During the )'ear 2014, the Audit Committee of the Board conducrcd 24 (T$enry Four) meetings in which the
folto\!ing important issues were reviewed/discussed along with others:. OveNee the linancial reporting process & liquidity position of the bank at regular basis
. Revierved iDternal & external auditors findings on the irregularities both major & significance at different
branches of the bank and reference those to the Board with appropriate recommendation for decision,
reviewed draft & audited financial statements for the year 2014.. Reviewed performance of intemal audit 2014.. Reviewed the reconciliation performance of inter branch transaction accounts and advised the management
to keep it regular.. Revie\!€d the comprehensive inspection repon on SBL by Bangladesh bank as on 31.12.2013.. Revierved the cash holding position of different branches & advise the management to ensure maintenaoce
of optimum level of cash to reduce idle cash in hand as per as practicable.. Reviewed existing policy of lCC, Risk Grading, Credit Policy, Quarterly Risk Management Paper etc. and
m6de recommendation to Board for approval.. Reviened unaudited quarterly & half yearly financial statements of the bank for the year 2014.
. Monitol internal contrcl risk nranagement prccess.
. Discussed and reviewed annual budget 2015 & revised budget 2014 and recommended to the board with
some aDlendments.. Revie\\ed the compliance status of audit objections and advised the management to ensurc full compl!
ance of rcgulatory. legal and significant issues meticulously.. Relie\ved the audit rating by intemal audit on Anti Money Laundering of all brarches for the year 20l4.
' . Discuss and revierved the effectiveness of annual audit plan 2014 and made recommendation to the
board fbr approval rvith suggested amendments.
. Reviewed existing risk management procedures along with implementation of core risk management
guidelines aDd advised the managements to implement the same more effectively
' Revieryed the audit report of the subsidiaries and dirccting the authority to take necessary action as
appropriate.
2.23 Credit Rating ofthe Bank
As per the BRPD circular no. 6 dated 5 July 2006, the Bank has done its credit rating by Alpha credit Rating
Limited based on the financial statements ofsonali Bank Limited dated 3l December 2013. The following
ratings had been awarded:
Dxte of DeclrrrtioD Vilid till Rating Mod€LongTerm
ShortTerm
Outlook
.10-Jrn-14 29Jun-15GoYt. Support AR-I
StsbleWiihout Govt.
SuDDortBBB+ AR-3
36
2.24 Implementation of BASEL-Il
To conrply with lntemational best practices and to make the Bank's capital more risk-sensitive as well as to
build the Banking industry more shock absorbent and stable. Bangladesh Bank provides r€vised regulatory
capital fiamervor-k ..Risk Based capital Adequacy for Bankj' which is effective from I January 2009,
According to the BRPD Circular no. 09 dated 3l Dec€mber 2008, following specific approaches are suggested
for inrplementing BASEL-Il:
a) Standardized Approach for calculating Risk Weighted Assets (RWA) against Credit Risk;
b) StaDdardized (Rule Based) Approach for calculating RWA against Market Risk: and
c) Basic Indicator Approach for calculating RwA against Operational Risk
under the standardized Approach ofthe Risk Based capital Adequacy Fmmework (Basel II), Credit Rating is
to be detennined on the basis ofrisk profile assessed by the External cfedit Assessment Institutions (ECAIS)
duly recogrized by Bangladesh Bank.
Along rvith the existing capital adequacy rules and reporting Bangladesh Bank (ref. BRPD Circulaf no.lo
dateJ 25. I 1.2002) Banks started quarterly reporting as per the set of the reporting formats provided by
Bangladesh Bank. very recent Bangladesh Bank instructed allthe banks to follow BASELJII accord starting
from January 2015 aad accordingly the management ofsonali Bank Limited took necessary steps to prepare
the emplo)'ees for implementing new caPital Accord BASEL-Ill'
2.25 Relxted partY disclosures
As per Bangladesh Accounting Standards BAS-24 'Related Party Disclosures'. parties are considered to be
relaied ifotle ofthe parties has the ability to control the other party or exercis€ significant influence over the
other parr), in making financial and operating decisions. The company carried out transactions in the ordinary
cou.se oi business on an ann's leogth basis at commercial rates with its related parties. Related party
disclosures have been given in Note 45.
2.26 LitigationThe bank is nor a party to any lawsuits except those arising in the nonnal course ofbusiness, which were filled
against the default clients for non-performance in loans repayment and against various level of tax authority
re.-garding some disputed tax issue. The bank, however. provides adequate provisions as per guidelines of BAS
37 iDcornpliance \r'ith Bangladesh Bank guidelines.
2.27 Lorn \\'rite offWrite off describes a reduction in recognized value. It referc to recognition of the reduced oI zero value of an
asset. cenerally, it iefers to loan for which a retum on the loan is nolv impossible or unlikely. The item's
potential fetum is thus cancelled and r€moved from (wriften off) the banks statement of financial position.
Recover) against debts *ritten off/ provided for is credited to provision or revenue considering the previous
position of the loans.
2,28 Complirnce of Brtglrdesh Accounting Stindlrds (BASS) 8nd Bangladesh Fin'ncial Reporting
Standa''ds (BFRSS)
The Insritute ofchanered Accountants ofBangladesh (lcAB) is the sole authorio ibr adoption ofBangladesh
Accounring standards (BASS) and Bangladesh Financial R€porting standards (BFRSS). While preparing the
financial statements, Sonali Bank Limited applied most of BASS and BFRSS as adopted by ICAB Details are
given belorv
17
Nrme of th€ BASSBASs Strtus
Presentation of Financial Statements I Applied*
lnventories 2 N/A
Starcmenl ofCash Flows 't Applied
A*"r,rt.g p"lt"l"..{hrrges in accounting Estimates and Errors 8 Applied
Events afier the Reporting Period l0 Applied
Construction Contracts ll N/A
Inconre Taxes t2 Applied
Property. Plant and Equipment l6 Applied
Leases t7 N/A
Revenue l8 Applied
Employees Benefits l9 Partly Applied
A"""r,rfi"g f". C"r"-."rt G-ts and Disclosure ofGovemment Assistance 20 N/A
The Effects ofChanges in Foreign Exchange Rates 2t Applied
BorroNirg Costs 13 Applied
Related Party Disclosures 24 Applied
accorrnting and nepo.ting by Retirement Benefit Plans 26 Partly Applied
ilonsolidated and Separate Financial Statements 27 Applied
InveslNcnt iD Associates 28 Applied
Financial Instruments: Presentation 32 Applied*
Eaming Per Share 33 Applied
Interim Financial Reponing 34 Applied*
lmpainrrent of Assets 36 Applied
Frovision. Contingent Liabilities and Contingent Assets 31 Applied
lntangible Assets 38 Applied
Fiiincial Instruments: Recognition and Measurement 39 Applied'
Investment Property 40 N/A
Agricuhure 41 N/A
Bangladesh Financirl Reprinting St.Ddrrds (BFRSs)BFRSs
No.Status
FirsHinre Adoption of Bangladesh Financial Reporting Standards I N/A
Share-Based Payment 2 N/A
Business Combinations Applied
lnsurance Contracts 4 N/A
NoD Currcnt Assets Held for Sale and Discontinued Operations 5 N/A
Exploration fbr and Evaluation of Mineral Resources 6 N/A
Financial Instrument: Disclosures 1 Applied*
Operating Segments 8 Partly Applied
Fillancial lnstruments I Applied*
Consolidated Financial Statements IO N/A
Joint Arrangenrents ll N/A
Disclosure of lnterests in Other Entities t2 N/A
Fair Value Measurements I3 Partly Applied
* Subject to departurc described in Note 2.02 Statement ofCompliance
6o<-i(1;( onru )-}Rd
l8
2.29 Corporate Social RespoNibility (CSR)
Bankatlthori$isverymuchconcemaboutresponsibilitytothesocier].people.withindustrialization,theinrpacts of business on socieo and the enviro ment assumed an entirely oew dinrension. For this corporate
So;ial Responsibility has become a criterion ofsocially lawl'ul business Endeavour and the acceptance ofit, is
gro*ingaul,tyauy.countriesofdevelopedeconomyhavetakentheideaof,'SocialResponsibility',.BeingtheLrg".r.,ur" o*n"d
"ommercial bank in Bangladesh, Sonali Bank Lrd. has also realized its responsibilities to
the society ard contributed to the amelioration of the social life of the destitute people, infla-structure,
environment etc. within the liamework ofBangladesh Bank guidelines'
2.30 Olf-balance sheet items
Under general banking tmnsactions. liabilities against acceptance. endorsements. and other obligations and
bills against rvhich acceptance has been given and claims exists there against, have been shown as offbalance
sheet itenrs.
Ot]'Balance Sheet items have been disclosed under contingent liabilities and other commitments as per
Bangladesh Bank guidelines.
As per BRPD circular #10, dare l8 sep 2007, l7o provision should be maintained against off'balance sheet
items. Bank has maintained sulficient provision in the books ofaccounts against offbalance sheet exposure
2.31 Fr&ud and Forgeries
2.31,01 Fraud Prevention Process
Based oD DOS circular letter no. 17. dated 7 November 2012 issued by Bangladesh Bank. the following areas
fbr selfassessnrent ofAnti-Fraud Internal Controls are addressed by the Bank:
. lnternal Control and Compliance (lCC);
. General Banking and Operarion (GBO);
. Loans and Advances (LA): and
. lnfoflnation and Communications Technolo$/ (lCT)
In {ddition to the above selfsssessment, the followirg process followed by the management:
i) Addit;oDal security devices are incorporated, not only within the bank premises but also in the instruments
given to th€il nunrerous clients.
ii) In recruiting key personnel who are to handle certain sensitive operations, it is essential that bank makes
comprehensive efforts at conducting a proper background check on the status and nature ofthe employee in his
orherncighborhood,asthiswouldhelptheme$ablishtheprobabiligoftheemployeeengaginginfraudulentactivities.
iii) Regular need assessment to increas€ the ability of bank's staff in detecting fraud especially those relaled to
che[ues a'rd money transfers. This can be achieved through a combination of internal and extemal modules of
on the job training and offlhejob training exercises
iv) contiNrously review the code of ethics and code of conduct to reduce the probable tendency for fraudulent
behavior oi the employees. It is believed that if employees are Nell motivated to the bank, the incidence of
frauds rlill be reduced.
v) Favorable tinancial awards and recognition should be given to employees who show dexterity in id€ntifying
and preventing fraud.
vi) Top ntrnagenrent must also strive to maintain a high degree ofethical standards in the p€rformance oftheir
duties. in vieru of the fiduciary nature of their functions. This is imperative as they are by law required to
safeguard the assets oftheir banks.
vii) The iuterrral aLrdit divisions of bank should not be s€en as a dumping ground for non-performing staff. staff
deploled into this department should be sufficiently qualified, properly trained and adequately experienced in
all facets ofbanking operation.
2.32 Internal Audit Process
ht€rnal Alrdit Division as independent from the part of Management, is comnritted to standards of best
professional practice on intemal audit. The basic steps in the intemal audit processes followed by the bank ale
stated bclo\v:
61*l,bli" 1 omu i* ilW'
39
1) Audit Plsnning Process
The basic audit planning process consists oftwo phases: the assessment of business risk and the development
ofthe annual plan. Assessing ofbusiness risk focuses on viz. (i) defining auditable units. (ii) defining the risk
criteria. (iii) constructing the risk model and (iv) ranking the auditable units'
i) Defining Auditrble unias
Auditable units are defined as individual applications- business units, departments or offices each of theses
appruachcs either limits rhe scope ofan audit project or broadens it beyond rvhat can reasonably be managed.
ii) Defioing the risk criaeria
The nrodel is based on operational rislq exposure and controls. Each arEa is broken down into sutFcategories as
follows:. Operational risk (people, systems, process, conlractual' reputational and political)
. Exposure (financial, regulatory and customer)i
. Controls (people, process. infb.mation systems and reporting).
The coDtrols categofies are fu.ther broken down into the following sub-categories viz. people, process and
information systems.
iii) Constructing the Risk Model
The risk assessment and audit planning methodolo$/ is a structured approach to a subjective process. The risk
assessment and planning model is the Eoduct ofvaluejudgments.
iv) Ranking the Auditable unias
The risk profile spreadsheet computes a score for each auditable unit based on operational rislq exposurc and
control. This score is then converted into a ranking for each criterion as follows:
OpemtioDal Risk - high, medium, low
Exposure - high. medium. low
Control - high, medium, lorv
2) Developing Audit Progrrmmc
once the annual plan is develop€d and approved, Audit Programme are developed for each audit to be
undertaken. Audit programme is to be reviewed prior to the start ofeach audit to determine ifthere have been
an).chaoges. The steps in developing an Audit Programme are: understand the op€rations, develop flowchatt
or narrative. review the prccess lvith the concemed staffand develop the Audit Programnre'
3) Impt€mentirg the Annu.l Audit Pl.nThi department undertakes structured approach to accomplish the annual plan and the actual audit can be
broken up into a number of stages stated below.
(i) Preprrrtion strgeAt this stage- the team leader ensures that all the necessary requirements for the audit are prepared and
available and preliminary reviews and information gathering is undertaken
(ii) Field\rorkDuring the tieldwork the auditor gatherc evidence in order to determine the status of operations and controls
rvithin a particular area. This evidence is the basis for the auditor's conclusions about a particular assignment.
(iii) Documentrtion or working psper
The \!orking papers are evidence in support ofthe audit findings and opinion.
(iv) Audit l-indingsFindings arc pertinent statements of fact uncovered during the course ofan audit and thes€ are to be reported.
The llndings are reviewed by the Team leader and the Head ofAudit prior to the final report being issued.
4) Reporting
The audit reports are submifted to the auditable units. s€nior management and to the Audit Committee ofthe
Board. The audit r€ports contain findings which are of a critical nature and have a major impact on the
organization. Other operational issues identified during the audit which are considered not to be ofa material
nature but are worth aie r€ported th.ough 'Management Report', to the Head of the Department/office and
Head ofthe area being audited.
5) Follor-uPAlong rvith compliance funcrioning the intemal audit people employ close follow up to ensure that appropriate
and timely action has been taken on audil findings and r€commendations. lnternal Audit Department reports to
the Audit Committee on the curreot status ofoutstanding findings and what action is being taken to resolve the
issues.
6) External Auditlllternal audit uses the extemal audit reports and ensures that any issues raised by the extemal auditor have
been ibllowed up by management and whether corrective action has been taken in a timely manner.
2.33 Reporting period
The accounting period ofthe bank has been determined to be from I January to 3l December each year and is
follou'ed consistently.
2.34 Compamtive lllformxtionpresenlation of Financial Statements. comparative information in respect of the previous year have been
presented in all numerical information in the financial statements and the narrative and descriptive information
where. it is relevant for understanding ofthe current year's financial statements
The comparative figure for amortization of intangible assets has been taken off from the profit and loss
account and shown in the statement of changes in Equity against the corresponding amount in the current
year's tinancial statement as explained in note #18 to the financial statement.
2.35 Earnings per shrre (EPS)
2.35.01 Basic earnings per shareThe Bank calculates Eamings per Share (EPS) in accordance with BAS 33 "Earnings per Share", which has
been slrc\r,n on the face of[ofit and loss account, and the computation of EPS is stated in Note 44.
2.35,02 Dilutcd c{.nings per shNre
No diluted earning per share is required to be calculated for the year as there was no scope for dilution during
the )'ear under review.
2.36 Approval of financirl st{temeltts
The financial statements were approved by the Board ofDirectors on 30 March 2015.
2.3? Gcncrrl
a) Figucs have been rounded offto the nearest taka.
b) Prior Year's figures have been shown for comparison purposes and rearmnged wherever necessary to
contbm to current year's presentation.
c) Con\ersion rate is calculated bas€d on the simple average ofbuying and selling rate.
Ilea.
20lt I 20t3(R6t.rcd) 2Ot4 | 20rj(R6r.red)
Cash in ha.d ilncludms lbogn cumnc'e,B.lancc sldr Bangladesh Bank &d rG Agenr Bank (lncludhg
Cmh ln Hrnd( l..luding foreiSn .u...n.i6)
| .u.r,r.oto.o.o | ,o,rrrooo,o | | -^- -.. I
| ,-.",..-,".--- | --_",.,---/- | 16.5t54564801 4028oq00.611
anJ82O7{.145 49.49r..r9a.642 SJJaTO?4.r.rS a9.a9r "491.642
i0r
102
6.t46.125.215
720392190
8.46i.4t9.159
7la t?1651
6,t46,225,215 8J63,419.359
718 I73 651
E hnce*ilh Brngld.rh Brrk.nd ia.AEent E.rk (Itrcludilg loEign
(Derarls slr\n Annesure A)
Di.cl6u.6 res{.di.s nrinrei.n.e of CRR & SLf,
Cash Rese^e Requirements (CRR) ard Statutory Liquidiry_ Ratio (SLR) have been calcul.l€d .nd maintarned in accord.ncc with the *ciion 25 & 33 of the BarkCompanr€slcrl99l{Am€nded20ll).ndsubs.qu.nrMPDCtrcularNo.0l,llrunel0l4
Th. Cash Reser\e R€qunem€nt {CRR) on th. bank! rime and d.mrnd lEb'Lrr.s at the raie 016 5ol. has been c.lculated a.d marnr.'ned wnh Banglad.sh Bek rn.urcntaccou.r a d lioi Srarutort_ Lrqu'd,ri_ R2ho (SLR). includ'ns CRR on ih. l,abiliues has ale been ma,nrs'ned ,n the rbm of reasury b,lls, bonds and deb.nrtresitcludrni! FC t.l.nc€ \rth Bangladesh B.nk Boih lh. E*ry. marntarnedby lh. Bank are inexceis01lh. sktutoO requ'renen(s. as shoM b.lo*
C"3h RBen. Reqtrire0enl (CRR)
As per M PD ci(ular No I dat.d 2l June 2014 of Bangl.d.sh Bank (effective &om 24 ,une l0l 4) rcf.r Io NIPD circd., No 04 <bi€d t December 20 | O, all shedutedBanks arc r.qurred ro haintain a CRR m'n'mum 6% @ d.ily taii3 bas.d on wG.tly av.Bge demad and rine liabilities of lwo months pnor to curetrt month (i e CRRof Decenber :0 l.t will be ba*d o, wekly .veds€ bal&c. of Octobcr 201 4 as per BRPD circular no r 2 dated 6 Seprembc. I 998) dd min,mum 6 5yc oE biwe.ldybasis tlo\vcvcr. SBL h.s be.n m.rnt
'n'ne rts CRR m birekly ba6
Alsage denrund and nme lEb'l'irt
Actusl R€*ft€ held \irh Bsngladesh BanI'
'As per slatene tofBangladesh Bank
' As Sonali BanI Limired is maintainins,ts CRR o! bFw€€kly basis, the bi*eekly ba$s balance of r€*nr held \irh Banglad.sh bant we Taka 43,869,270.000 whichindicales thifihe reseh-e held rvih Bansladesh Bank is not below rhe equird,eseN.
Strtuior) Liquidit!.' Rltio (SLR) (includirg CRr )
Banlhdedr Bank crcular (N,PD c'rcula. No 02 thted l0 D.cemb.r 20l r rnd DOS crcular No ol dared l9 JanuaN:01.1) ro maintain SLR sp.rarely ar I3% .rect,vetim 0 I Februan' l0l 4 Sonal Banl Lrmued hahta'n SLR s.parat.ly from ihe abor d.Ie
The Bank has to mamrarn T[ 86.605 40 m'llron on by-sc.kly bas,s on D.c.mb€r ]014 as SLR .garnsr shrch rh€ bant mainr.in.d Tk 2E5,471 .lO million As a r€suhthe surplus ofSLR siood Tk I98.865.9 mill'on
6,E661,6t7,65 9J01593Or2 6t66517.665 9r015930t2
45.16t,674.88t 39.348.9Cr.104
940 996 526
45,163.6?4,83r t9,148,904,104
940.996.526
465rsr.156,,r80 40rE9,e{o,630 461!i!!!d!L, !!l!gfgq,6!L
565,r95J84,6r5 s99i529,t20J33
o.oltoa s64570,000 t.452.5a5.0U)
566,195Ja4.615 a99,329,230,169
t9&865.900.(m t55J40.r65.fit0
29,94.1 199J32,470IX'0 157,6931500,000
Ave.age de'nand and rim. habrlnB
Required R.*,!eActual Resd\e held \ilh Bansladesh Bank
SNptusr(O{i-'c,r)
Requred Resen e
A.tul Reserve held wrth Banglad.sh BaDl
SUDIt'r(Deticrr)
3.09.0rJ Conporetrts otSlitutory Liquidity R.Iio (SLR)
Balance !vd' B.neladesh Ban*and ns age ban&(sl
Unencunrkred rDpro\.ed secufl lcs (HFII
Un.nu rbered approved se(trin.s(HTT)
6,866.617.6051 9.ror.5ol.0r:
16.515.4t6.4801 40.18s.900.b10
r80.08.389.6?7 | r r r.048.0:17,1?i
t9 5V/.
3325E5J40r32 3O3,27t,tMA7t
[;T--ll3.(x) C8h
3.O'
I I 00/"
MItt$irt Oth.r Brnkrrd Fi..rci.l Itrrlilution.:
Outside Bangladesh
4.01 Bdrmesitl' orhe. B.trk.nd Firnci.l l8titurio!.h E
"glrd4h:
BDT
BDT
BDT
BDT
BDT
BDT
BDT
ADT
BDT
BDT
BDT
BOT
4ot
40?
4 02 0l
4.0202
40203
Brnt
BASIC Bar\
Bangladesh De\etopmenr Banli Ltd
ICB lslanrc Bank LtdNational Bant of Pak'ianB.rgldesh Commerce Bank Ltd
City B.flt l-ld
lFlC Bant Lid
SBACBLRajshahr Knshr Lhna!_an Bant
SBL. t'orcrsi E\ Corp Br
Dhaka Banl lslamrc A.nknrg Br
SBL Utara Br
UCBL. EfoynaiLr BrSBL Mrrpu Shrla Elaka Br
Non-Bnrl Fiuncial Irrritutiont
Bangl.desh lndusl.ral Fina.c. Conpany ttd
Bangladesh Fnrance& hvestncrr Company Ltd
FrEl Lease Frnance& lrvesimenr Lrd
FAS Frnance& lnverh. Lrd
lnv.$ment Co.poranon of Bangladesh
GSP Fnranc€ CO Ltd
People! Le.si,rg& Fnrancial S.r!ic.s Ltd
Premi.r Le.siN & Firance Ltd
Ph@nix Frnin.. & In!.stm.nt Lrmn.d
Far.asr Fhance lnreslmenr Lrd.
Tr.Nrctio, Crrr..cv
BDT
BDT
BDT
BDTBDTBDTBDTBDTBDT
BDT
BDT
BDT
BDT
BDT
BDT
BDT
BDT
BDT
BDT
BDT
BDT
BDT
Less: lnlerCo pant-Balance Eliminated
Tor.l B.lance with Oih.r Bants and Finocral ln$nurions (tn
12,970,1100, ,0 2,t 40,00o,{x,0 r 2,970,0(x,,000 2,t 40,000,000
3t,t 42,65.r.199 9.693J70579 3t,l05r8l9p{x, 9,535Ot9,U'0
67,905.615 1i9,288.027
!1,114,7.1&98.1 9554!082,552 3r,r0i8r9,000 953s,0r 9,000
Erhr.e Held $ith Foreign 8mk! (OuBide B.ngl.dsh)
Ov.E.as Bmnches ofSonaliBanl Lld
Sonal E\chitr:r. Co.lnc
Rcf.
2Ot4 I 2or3(Rsrrr.dl 2ot4 I 2ol3lRdrrr.dr
]l,l14.748.984 9,554.08:.551 1t,r0J.819,000 9.535.0r9.000
8225ltl936a0,lll5a0,r49 lSoa&046.763 J9138_ra4rx2 I ?-r6o_!it2_ea6
2,000.000,000
740.000.000
2,000.000,000
t45.8 t9.000t00,000.@05m,000,m0
I ,000,000,@02.000.000.000
2. I 00.000_000
:.000.000_000
I ,250_000.000
500.000.000
| ,500.000000I ,000.000.000
300,000.000
| _000.000.000
6t.717.119
l,4r 1.772
:.089,:t87,516,2r2.00
4 088 6r8
2.000,01 9.000
5@,000.000
I ,000,000,000
r 45.800.000
250,000.00o
3,499,200,000
130.t t 0.:97
2,676,561
1.02.1,0:10
r6,386,989
E.r51.690
2,000,000,000
740,000,000
2,00o,000,000
r45,8r9,000r 00,000,000
500,000,000
I ,000,000,0002.000.000.000
2.1 00,000,000
2.000,000.000
r,250,000,000
500,000,000
I .500,000,000
I ,000,000,000
100,000,000
r .000.000.000
2,000,0 t 9,000
500,000.000
r ,000,000.000
r45,800.000
250,000,000
l,499,2oO.OOO
r&21r,65{1599 75s3r70579 tErt3tEt9Joo ?3951019!000
200_000_000
i00.000.000
200.000.000
l00_000.000
I 0.000.000.000
150.000.000
7t0.000_0@
100.000_000
490_000.000
400.000,000
200,000.000
100,0d).000
t00,000.000
100.000_000
r 50.000.000
500,@0.000
t00.000_000
100.000.000
490_00a).000
t00.000.000
200,000,000
300,000,000
200,000,000
200,000.000
r 0,000,@0,0@
150,0@,000
730,000,000
300.000,000
490,000,000
4@,000,000
2@,000,000
t00,000,000
r 00,000,000
100,000.000
t50,000,000
500,000.000
r00,000,000
300,000.000
490,000.000
100,@0.000
8, t 4i,68:.904
189,139_888
399,641_150
284116 tl:i
7.?39,58i.801
I I1,481_474
i74.:46_?t0
268.650.r:5
8.t43582.904
189,219,888
399,642,250
7.719,58i,80:
Ill.483_474
1',74,246,7tO
9,0t6,791,165 E,493,96.r' ! I a,B2,S55,at2 EJ25313J85
E402.01 Brl"nce lrcld rvirfi lot.ign btnk
402.02 Brlrtr.. Held *irh Ariatr Cle.ring Union (ACU)
4.02.03 Brhn.. H.ld sithOraeBe.j Br.n.h6ofsonrli B.nt Linit.d
M.x'rirr gro!pinE ofb.hmewith oth.r b.nt.& Iin.n.irl in.tituriont
Morc lhan threemoolhs brlt less than one tcar
Morc rhan o e ler but less than five tqrs
R.t
20tt I 20t3 (R6r.redt 2lI14 I 2013 (R.rt.r.d)
I
t0
t:!
l.l
li
Sl. No.
I
:
3
t0
tl
Monet ar(allor Short Nolie5 0t
50!
A!.aJl DNmb.r 2014
Smsl' Bsnl (UK) Ltd Londotr
S@ah Banl iU() Ltd London
Nd W.st Baf,k Plc- London
Stadard Chanered BsI. N Y
J P Msrgon Cha* B.nl, N Y
H.bib Anerican B.nk N Y
DEch B.nk Ttust Co N Y
Sonali Bank xollota Br
Bansladesh Foreisn Po$ Oflic. {BFPO)
Euno Crcdiror llal'e Spa.llaly
Sonah BanI (UK) Ltd London
USD
GBP
CBP
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
EURO
E!RO
56.6t 8,:99
:5.r84.147 t4
276.41140
50,478 t4
r. r 50.683 92
l04.ll5 84
I t.6t0 t5
:55.9i860
2.645.01128
249,03124
69i,6t4 t5
9_474 50
2,257.506 t0
743.61r ll
1195
t20 9238
120 9238
.95
95
95
11.95
11.95
1195
1195
1195
1195
1195
4At4.739,555
l_045,271.5t5
33,42',1 .31',l
t,9t4,771
89,696_20t
8.125.184
905,027
t9,950.414
206,r 80,266
t9,4r r,985
54.068.78?
738.537
t15,972.632
70,4i8,108
420 i5090159.0,1235 8.lr{1.582J04
Ar.l3l D...mb.r20l4
D.bil
Sonal' B.nt Lrd liolkara
Nlyanmar Econom'c Bank
MyrnfrEr Economic B.nk
NepalAanl Lrd lqthmandu. Nepal
N,lyannar For.'gn Tra& Bant
H.bib M.tropolira Bdk
MyaMe lnrestn.nt & Coh. BelStanderd Ch.ntrcd B.n* Kar.chi
HSBC l(aractr Patslan
Sonal Aant Lrd Koltata
R.nL.lC.vl6n Si,linL,
EURO
EURO
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
l.8r I 05
I 50.000 0n
!00.000 00
l7.t6t 79
158.7.r869
?93.5.16 38
I I1.t62 90
200,000 @
5.18
5t5.it:i 07
94',12
9412
71
11
11
11
95
95
95
.95
17 95
1',l.95
1195
1195
160.9?l
14,207,5i0
15.590,000
2,9t2.501
27,964,160
6t,856.93i
8,?43.098
I5,590.000
421
40,948,911
1.065_008
r89,39JEE
Sl. No.A!.r31 D.c.nb.r20Ia
I Orq*as Brdches (Kolkala & Siliguri) IRS 316.878.987.00 t 2226 399,642,250
399,6!2,25{'
8.7it.565,042
28,090,000.000
2,870,000,000
145.819,000
193 t56 \O7
I1.125_i ti.986
500,000.000
2, I 50,000.000
3,985.019.000
241713111
8.732,565,042
?8,090,000,@0
2,870,000,000
t45,8t 9,000
I t.t25,iti.986
500,0o0,000
2, I 50,000,000
1,985,019,000
r0,1315i0,149 lE,0.a&0:16,?63 3933ErE4,042 17,760J12,9E6
9. r 40.000.000 4.380.000.000
al 595 150
9.1 40,000,000
a5 542 000
4.180.000.000
3t 595 tJo9225.582.000 4.46 t -595.t 50 92255E2.000 4.45 t.595.t 50
tT-tl
5.01 In Br{glid..h
Cmmerce A. olc.ylon
ICB
Slandard Ch.nered B.nk Lrd
NoFB,nk Fin.rcial INlitulio.3
DBH
Kolkata Branch of Sonal, Bant Lihited
r 50.000.000 r50,000,000
310,000,000
Oovdnmerr secunries
Other lnv.stnreors
Held lo Marui! (llTNl)
Held for T,.dirir ( HFr)
Detrik in rtrne\urel
60t602
310,000,000
I,t4o,(x,o,tll}0 {J8oooo,fito 9,!40o{t},00o 4Jao.000.fi,o
E5542,(x,O ElS95.l50 E5582.tXt0 8!l9s.t s0
323,tt2li{it?3 27o,4 ,lE.rr60 322.f26926J5t 270.r82J92.5J1
?793s+rD0322 2J9,882,s7739a 279,154,090,422 239,882S?7.E98
l8.8t9.Slt_947
5i.667.i55.8t1
45_745.407.919
10,671.413.491
9.18r.48t.351
596,9ji.000
6_415_000.000
55.1 64 700 000
1.E77.155.957
2:_66t.98t.7?7
31 .944,911-410
8,281_686.7:8
6,5t ',656,66:
759.?t7.000
6,425,000.000
58 t64 700 000
tE,839,834,94?
5i,667,155,E33
45,745,407.9t9
10,677.413 t91
9.i81,48:,t53
596.931,000
6,425,000,000
I ,411 ,155.957
22,662,942,121
f7.944,972.414
8.28t.686.7:8
6,5t t,656,662
759.717.000
6,425,000.000
58 164 700 000200.198.t 87.5.13 t42$21,49t,a41 200.49E.t E7J,r3 t42$27 591,544
Governmert S..trririe. (corridered .. SLR)
Govemmenl Nol€srBonds,/oth.r Fcurit'.s
TrcEsury Bills-Drim!ry
182 days Treasury Bilh
l0 days Bargladesh Bank Bill
Goremre.l Nolca/Bonds/orher seuriti62 yea6 B.njh<lesh Cormme treasua bond (BGTB)
5 yeaB Banlladesh Covemmenr trcasury bond (BCTB)
I 0 rears Bangladesh Goll Trcasury Bond(BGTB)
15 y€ais Banshdesh Covl Treasury Bond
20YersCo\ernme teasurybod25 Ye.rsSPL reos0r!, bond
l-li years Tr..n a Bond (AJMC)
5-15 Fars aPC rr€astrry Bond
60t.01
6 0t.02
6.0l.lB ltry.sin.nt ir Gov.rnmenl *.urili6 .l$3ifi.d .. pe. Brryl.d6h Btrk r IrOS circuhr No. 05 d.t. 26 Mry 200E .nd DOS .ncuhr No. 05 drtc 28 J.N.ry 2fiD
I?6,857.214,507 I12,841,348,?68
12?.041 129 l]0
t16,457,224,501
102 996 866 I l5
112,84t,348,768
t2? 04t 229 ti0
Rca.
20r{ I 20ta{R6rrted) 2Ol4 I 2013 {Rslrted)
I80.000.000
800.000.000
,00.000.000
800.000_000
500,000.000
2,600.000.000
250.O00.0@
3,000.ooo,000
180.000.000
2.4oO,OOO.OOO
t 80.000,000
5@,000,000
t00,000,000
800.000.000
r@,000,000
800,000,000
500,000,000
2.600,000,000
250,0@,000
1,000,000,mo
r80.000.000
2,4oO,OOO.OOO
79.t55,901,t79
200_498.r87.541
I l5_50r.476
97.254,686.154
142,62?.89t.544
l0l_684.9r0
ll ?91l5t 02l
19,355,903,219
200,498,187,541
I I5,501,476
91 ,254,686)54
142,621 ,Agt ,544
t0t,684.910
l3 ?9315t 021
30o525.E0E,400 2S1.779.6|JJ29 300125.to&4m 253.779.613119
42,558.9tt.684
5,508.8r8_98r
it,l88_t5t.614
24,913,?92,040
39.377.08:.408
32.94i.8t t.m6
a2,55E,g22,;8a
5,508,828,98 r
i1,288,t5t,614
24,933.792.040
39,3?7,082.408
32,943,81t,906
79J55p03r79 97254.68635,1 79J55,9t1rr79 97r54.686J54
219$54,090$22 89ra2r577tE9E 279.854.0!10322 239JE2.5?7.898
3mj25.808.400 253,7?9,611,829 100,525,808,400 253,??9,613,829
R.L
2014 | 20t3(R6r.ted) 2ot4 I 2ot3 aR.itrtedl
5.02 Other Inv6hrcnts:
SoMli Bant ll( Linnted
D.benrures Publrc
Debmtures of pfl\ ate s€ctors
S.cuntv Deporr \vrth Central Bant oilndia
lnvestment 1n tbre,sn curcn.)
SonaliPolirrs f l Lld
Outside Brnshdsh (Oved.rr Br.nch6)Total Other lhesnnenrs
l].450_088.771
1,549_024,894
75.147,900
51.9I.225
9.163.571
1.507.750.000
1.718_000.000
29_:50.000
11,498,432,629
1,616,955.639
125,587,900
5r,9?1.215
9.211.984
t.t81.750 000
t3,tJ1,570,i50
1,549,024,894
5t.92\,225
9,163,57r
3,s07,750,000
1,718,000,000
r 3,269,640,900
1,636,955.639
125,587.900
5t.921.215
9,2tt 934
r.r83.?50.000
29 250 UJ{)
60101
'lnvestme ,n subrdia.ies have been pres.ntd mda th. h.ad ofother Assd in Nore * 9 Ol rnv€stm. rn as* rares hav. been shoM under fiis h.ad
TIE unlisted rn!€stmenB ar. shoM at cost b..au* lh. f.ir value
2r.4l0Jr6J62 r6535tl J77 22r 3.82?J40 t6J063t9,64887.:90,4t I 96J59.054 87,2m.41I 96,45q,054
22A97,636,77J 15.6 .570.ajt 22J0l.llaj5l 16.4D2J7A.7O2
Quoted-Full! p3id-up{rdif, ary shaE.
Unquoted Fullv pard{lp-ddinary shrrc
Sonalr In\enmcit l,nited
4.674,090.704
5,789.620.040
296,518J22
5.16t,856.032
5.647,143.t l5
224,791,129
2.460.64 t 753
4514,O9O,7O4
5,189,620.040
5,t6t,856,0i2
5,64?,141_r r5
r3.450.0E8.72 t3i9a,$2629 13.t53.570350 13,269,640,900
' lnvestm€m rn quol€d shares has b€€n valucd a! the fair v.lue as o th. repon'ng date As ptr Banglad.sh Bant DOS circltar No 04 daled 24 November 2oll_proluou rbr di ntr(ion !.lue of sh.res rvill be made on lhe ditr rnc. of aEfge con and marler price Durins the !,ear alqage marl@t pnc. s higher than cosr pric€Sono prov,sion las been made dunne thisyear
INqtmenl in Shars & Bond
lnv€stments have been rsorded at Ear\et p.ic. Markel Elu. ofs.cunn.s h6 ben deremined on the b.sis ofrh. lalu€ ofsecuriri.s at thc lasi tradmg day ofrhe year
Sntor wi* inretneni
1"",- --L 201,1 20t4 2013
20.10:_588t.0i4.8tl
122 {:r0 m0
5i6.179.94010,440,t@
5.245-000.000
536,r79,94010,440,t00
5 243 000 000
326,203,0r5t 0,440,100
51r0500m034irJ68d0{l 5.789.620.040 5.749.620040 5.547.143. 5
Der.il Sl'o\n in Ann.rureF
Privirebond(SYerBl
MTBL Bond
NBL Bond
DBL Bond
TBL Bond
Orasom Telecom Bdd
Nonhem Po\er Solulion Bond
:10.000-000
250.000.000
t 28,000.000
200.000,000
r.200.000.000
750.000_000
500,000.000
500.000.000
? t 0.000,000
250,000.000
r60,000.000
200,000.000
250,000.000
20_000.000
9i,750,000
2r 0.000.000
250,000,000
I28,000,000
200,000,000
t ,200.000,000
750,000,000
500,000,000
500,000.0@
2 t0.000_000
210,000,000
160,000,000
20op00,000
250,000_000
20_000.000
91,750,000
,6*Ri,W
2014 2l)14 20r3
M.nnfacn,ino & Orher
:.802,4924.2r6,057
i0_4]l.8r5266,311.117985.961.368
2.966_2 I I _660I I0,885_ t04196,154,586
I 2m &9153
ll0.9]1,152461.5J8,193
205,.1{9.903 7J6'J50Jl0 4674JD0.7tM 5,r5r3s60J2
!.73E.000.mo0 r.l&r.750.m0 3.73&0(xm00 l.I83.750UXt
6.gr.g2
E
?.O2 Lorni .nd Adv.nc.. (Itr ..d ouBid. E gl.d6t) in.hdlng bill. puch...d .nd dircourted
7 2.t7 22
117.861913,693 34t9229a2jat 335390J43J44 3391455662.141
2,164,1a9,899 3.994J63.36.r 2.164.189399 3.994.E63364
R.L
2Ol4 I 2013(Rst.!.d) 2014 | 2orr(Rshr.d)
Mrturirr groupinC of rtrvdlDcnt r! follo*.:
t ss than nree 'nondls
More tha dtrec nxnxhshr less lhan one year
More than one te.rb( less th.nfityea6
L.,nr carh cr€dns and oserdralisBills prchased aod disconnled
M.iuritr CrontingoIlo.nr,c.rhc.editsr ovcrdnfiLoans and ad\ances are r.pa!"b|.
Not mo'.lh,n i rnorths
More rhar i nD'ths but nor more thaD I y'ear
Morelhan I \r.r bul nor nore than 5 yedt
1031U
7.02.01 !r BInsl.d€sh
Ponfolio Loan ro lnleslo6B'lls purchas.d and d'*omr.d
7.02.02 Ouirid. B.nglod.rh
Brllrpurh.sed inddr*ounled
7.03 l,rri, cnsh credit. .nd ov.rdr.ft!
Ponlblio L@n to lnlesrors
7.03.0, Herd-wtue Lo{ns,Cr.h Cr.dilr.trd Overdrrfir:In!id. B.ns,odBh:
Hou* Bu'ldnl:: l-o r (Ceneral)
SpecralSrnall Loan ProlErn
L@n Under S B lndustrialCred'r S.h.me(Proje0
Lran under E\icm{l Ccdil Progron
wortnrg Cip,ml ro lndustries (Hr?o)
woAing (ip,til ro lndustnes( Pledge)
Loan undersB {!ro Bas.d Industnal C. Sch.ne
Work inlr (aprlal to \Sroba*d lnd {Ht?o)WorlngCap al ro Agroba*d lnd.( Pledge)
Agncult(al Loan
Mi.ro Credn (SIL Scheme plus RSTL Schem.)Loan u.der lmpo ed Merchandrs.(LlM)Loan agarnsr Tn6r Recerpr
Eorccd Lo.n agarnsr Bacl ro B.cl L1C
Loan lbr L.C underwEsLoan aganr$ hnand BillsCurcnr Accorir B.ner(Debn Bahnce)
703.0r103027030370304
7 0t.0t.l
I 9,595.094,98528,5 I 0,900,0007 t .211 .546.1545 I ,3?7,600000
!01 ,501 ,083, r 92323.023.445.t7t 270.4ll.tEtr60 !22.726-yt6-751 r1rt.62643!t
I7.0i8.9?6,9i1 3 | 4,12t ,206,69 |
4l_029.844.2:9
149.141.281
5,080,4:10.3i2
1t2.207.580.862
v6 244115 295
48.198.71_961
1.209, 8_926
12.595,5ti.577
t22_440.5?t.517
4t .o29.844.229
149,142,241
5.080,440,312
t32,207,580,862
I 44-017 054 846
48,t98,7i t.961
r,209,968,926
t2.595,513,5',1',l
122,440,51 I .517
130 276 420 104
J25rl5J3r,@5 r16J66J76.931 32!.104662556 314.721J06.69t
269.071.3l].1393?,0i1.601,40416,872,306,43?
2,471 ,610.449t2 413 02t 264
26E,813.5I.639il,550,r6i.l5lt4.t82_07t.8632,461 ,270,740
24 889 89:r 288
269,07t,312,119i7,01t,603,404| 6.812,306,431
268,833,53r,639
3t,550,165,35114,182,071.861
24 889 8g:i 288
117.440.576
2 016 74e ;21
t9.911.129t_889.67:
l]i.570.417
127,440.516
l.ol6 749.12i
t9,911.129t.889_672
81.570.437i 839425 526
!25Jr6r33,005 3rr!03E,976,9rr 323!t0.tr662556 314,72rJ06,69t
1.060_699_760
.18,t8i.459
685,757,212
48_?17.871.8E1
635,529.829
I I,t 76.1I t.748
95.848.329
22,218,509.901
2.t51_l6t_905
19.0?0,985
8,666,908.085
t0.697.4t0.0t7
6.243,415,414
14,9?0,801,471
.352,821,4762,0t9,690.740
37,570,5r0,565
:3.951,745.19587.349,i9?
r.7t7.5?8.291
:.151.908,144
il l.til,t:9857.199.5i7
42.91t.868_8ll
t.5ti.7El,l57
t3,Et3,575.082
690.378.:70
24,1eJ.16t,111
1,099.489,569
t9,61t,6t7
8.169,87.r.054
9.54t.7ti.522
6,060,13 7. f r
1t,510,772.907t 0,999,1 I 9.91 7
t,788.824,02048,510,i00,t67:1,949,768,t78
601,98t2,026,770_816
3,060,699,760
418,t81.459
685,151,212
4E.217.872,881
635,529,429
11,t76,1ll,748
95.848,329
22.238,509,901
2,t51.t64,905
39,020,985
8.666,908,085
I 0.697,41 0,01 7
6.283,415.4t 4
34,920,801,471
| | ,i52,423,4162,039,690,140
t7,570.5t0,565:i,95i.745.195
87,349,592
t,7i7,528,29i
2,253,908.344
3l t.152.129
857,499.557
42,93r.868.81i
1.52t.78t.157
t1,Et3,575,082
690,318,210
24,160.26t,t',l1
1,099,489.569
19,6t r,617
8,169,874_054
9_54!.7l],ill6,060.2t7.Er
33,510,7?:.90?I 0,999,t I 9,91 7
l,?88,824,02048.530,300.t6',7
2t,949,768.t78602.98t
2,026,770.8i6932 606 46i
P.rtrcuh]!Ref.
r TrtrCo[lolid.t d Blnl
2014 2013 (R..t t d) 2014 201, R.!rrt€d)
Bridge Financc
Small BusirEss Loon
Prob6li r.ilmo Sansstha' Prok lpa
Tsm to.n to Frc.dom FiShtcr
Educltion t 6n
Forcign Educ€tion l-oon Progam
SMEFinan dTcrm t 6r to S.rvicc)
SIVIE Firanc€(Term toan hd$Eies)
sME Fin6ro{wo*ing Cspital lo Ind.Scr.Tre.)
Tem lran !o Banks & NBFIS
2,t0?,31t,595
78t,985,36t
I17,212,%3
6229.930,616
E3p39,816
27,025,0E2
2,E58,892
519,t51,260
490J75,586
t t 932532,549
2,457 ,244,29
77 t,750,706
I11,785,684
1,4t0,565
2,768,668304
40,540,608
485,040
20,M2,(X3
64 t,639941
3t9,489,8t7
8,428,443,673
245.?t0.000
2,t07,331,595
781985,36t
|'t,232963
6,229,930,6t6
E3,019,816
27 925,082
2,858,892
519,15t,260
4mJ75,586
| 1,012,632,649
2,451 ,248,2E7
771,750,706
ll3,7E5,6E4
rJ r0,565
2.768,668,304
40,540,60E
485,&0
20,042,043
64t 519,94t
319,4E9,887
8,428,443,673
75 ?10.000
tl.rd-wh. Lo.Dr C.!h Cr.dit .nd ov.rdr.ft!:Outdd. Btnqhd.lh:LomDemand LoanSmrtl lronHousc Buildins t on
Torrl lfl[l, Cr.h Crdiat rnd Ov.rdrtfts
7-03.01.1 Strtl LomStafr Hou$ Buildins l.,oan
Slafrlran
7.03.02 Crsh Cr.di6:ln Brnsl.dcltCa$ Crcdii Gctta'il (Hypo)Cast Crcdn Gcllcral (Pledsc)
Packins Cash Crcdit
OoEid. krd.dctl':C.!h Cr.dit
Toi.l Crsh Crcdit
7.03.03 Ove'drrf...rc-rO/erdnR r,oin (ln Bansladcsh)
269.073.312.119 269.m3.S31,539 269,073,3t2,139 26t,833,S31,69
259,103,085,296 269,023J09J6r 269,103,0t6,296 268,853,509,168
17.033.a6a.218 3r.5S2.05S.023 37.0!3.{6t.2tt 31.352.055.023
I 6,612,306,437 l],t62,57t,861 t6,t72,106,417 14,t82,07t,863l6,6l2J06Jl7 r3;8625n;8iB 168nn3n6137 1., iBr,0ri;865
t5,70&112,0{2 13,996,142J00 16,968,112,(X2 14,315,642J00
7,m,M
ov.drin Loan (OuBidc Bansla&$)
Toarl Ov.rdr.lb .lc
Porifolio Lo.r io lIvcllo]l
Opcnins bolmceAdd: l,o6n dishrs.d dudng fic ycar
Irss: lrar rccovcrd duriDs thc }tnrTod Pordolio l,rn ro Inv..rors
Billr PuNhr..d rnd Dilcounled (ctcludins t]!.tury bills)P.yiblc insidc BrDslad6hPay.blc outsid. Bmsladesh
BiI Di!.ourt d rnd Purchai.dPiynl. r ainsr Documenrs (PAD)
Inland Bills R'Eh .dForcig, Bills Purchasrd/Ncgoli.tcd (Cle.n)Forcip Bills hrch..s.d/N.goriared (Docurc s)
7.04
7.04.01
For.ign Bills Purchascd/N.gotiatcd (Docum.nG) of OvcrscasBmmh€s
7,04.02 Mrtu.fty rrouDirq bill!
Bi[! pu]dr!.d rd dilcount dNo! morclhan I Monrh
164,633,38 9t,07 t,892 t64,613,1t3 9t,07 t,892
Morc than I nonfi bur nol more lhan 3 Months
Morc than 3 mo hs bul not more lhan 6 Months
r 1,0r2170.?31l],876,922,557
t47,2t4,920
6J64,0r09542,860,568,226
4,927,029,160
294 162 Ml
23.156.202.995
1,5 ll,120,%?1,856,666,256
5-l2t.59rt
6,364.0r0,954
2,t60,568,226
4,927,029,160
294 162 047
23,356,202.95
l,5t I,t20.967
3.E56,666,256
5.32E.596
Prrticul.]! R!ttr TrL,
Conlolidr..d B.rk2ll4 I 2013 (R..rr..d) 2014 I 2013 (R..t tcd)
7.05 Nd P.rformiry lo.I! t[d rdv c..
Groas loaff and advrffEs
Non-pcrfornins loans and advtnccs
- ". 1r.!! rnd .dvrnc.t or thc brdt of sigDific.nt com.ntntiotr7'06 cxcluding bilL purthr!.d tnd ditcourl.d
Advanccs to ChiefExccutirt and othcr s€ or Exccuti\€s
Advonc€s to thc Customcrs Group
Induslry b6s.d Advrnes
7.06.01 Induliri.l.dv.ncs (Cricgory wi!.)
L,orn Under S.A Indu$rial Crcdil Sch.mdProJcco
t an undcr Extdtat Credit lrtogram
Wo*iry Capital !o lndusEies. (Hypo)
Wo*ing Capilal lo lndustrics.( Plcdgc)
t an udd€ds Ago Bas.d Irdusrial Cr.Sch.m.
Worting Capihl to Agro bascd Ind. (Hno)
Working Capiral to A€ro b6scd lnd..( Pledgc)
7.6.1
7.07 Numb.r ofcli.rE, uilh rmoura ofour..rding.nd cllasiricd lorll! to whoo lot'! rnd .dv.nc.. $ncliotrd mor! thrtr l0% oftotrl c.pitrl
lt,t76,l .?48 | 33.811.575.082
95,848,329 | 690,378,270
22,23E,509,9011 24,160,26t,111
2,r5r,r64,9051 3,099,489,569
8,666,908,0851 8,t69,874,054
r0,6973r0,0171 9.541,711,522
8lJ)9.528399 8s.s37,529J95
,665,615
t,ul.59 !,s20.22
337,262359,2y 343,2M.015.775
Total Capitall00/6 oftohl cipital
During th€ y.ar 2014, th.rc ar€ number of clicnts, wi& anounr of outsBnding and classifcd loans, lo whom loal|s and advanc€s sanctioned more than I 0ol" of roral capilal
ofthc b.r*.
7.m G.ogr.phicrl Lo.rrion-rvi!. Lo.l|!.'d Advrc.t:h Brgl.d6h
Dh.ka Dvision
Mymcnsind
Faridpur
Chinagong Division
ComiUa
Rsjshahi Division
Xhuln Divisio[
Sylhct Dvision
Barisal Division
Rallgpur
Tol.llr.id. B.nghd€hOuisid. B.nghd..h
vt-91v. 99,%A.
N.m. of Culto[|.B Grorp Oul!l.dint.mounih Cmr. (201a)
Cl!$ifid.mourtinCrorG(2014)
Bangladcsh P.Eolcun Corporilion (8. P. C)B.ximco Gro'rp
Brneladesh Sue and Food lnd. CorpodioD
Hallrnr* Group
Max Spinning Mills
Anwan Spinnirs Mills
BargladcshASricukuralDcwlopmc CorpoBtion(BADC)
Bargladcsh Chcmical Ind. Corp. (BCIC)
617.00
I,4 t0.44
930_26
1,342.%
525.60
414_35
1,009.49
t7U49
l.r?7.3t
t,t42.96
525 60
414 35
% ofTorrl Lo. % ofTor.l Lo.D!
58_43yo
4_84Vo
3.34%
5_140/,
3.42%
5_48%
8_49./.
I _22%
2.00%
6_56%
61.97v,
433A
3.08%
6.21%
3_04yo
4-65Yo
E.06%
I tor/o
I _1to/"
5_76v.
191,224,159,254
| 6,340,900,000
,262,700,000
I 9.380.200.000
I t,534,300,000
t8,502.9m,m0
30,022.100,000
4,r26,500,000
6,737,300.000
2r2.829. 5.775
14,856,600,000
t0,568,600,000
21,399,300,000
I0,456.600,000
15,%4,800,000
27,681,600,000
t,782,900,000
5,886,000,000
o.09v. o.o1./. 292,073,889 246,509,130
Ref. Cotriolidrt d BrrL2ot4 I 2013 (R6tr.€d) 2ol4 I 2013 (R6r.r.d)
7'09 Provilior h.ld .grlnlt lornt .nd .dv[c.This is madc up as follows:
Classificd lorn includiq witUnalasificd lM
D.t ilt of Provirior r.quir! .nd held for lo.n! .d .dvroc€.:Rcquir. Provbion for loir! rd .dv.nc€.:
For Classified toan
For Unclassificd L,oan
For Wri loan
L,ess: Provision Madc:
for Classifi€d t rn inoluding wril
For Unolassificd t an
Surplu
For Classifi.d LoaD
For Unclrssifi€d t an
Rcquirc Provision surplus
7.t9.
Provisior
52,192,J80,0001 70,051,500,000
55.441.900.000 73.745.700.000
5t.t25.080.000 70.054,500,000
3,M9.320,000 3,69 t,200,000
1,267,5m,000
55J41,900,0m 73,745,7m,0m
52,392,580,000 70,054,500,000
3.066.949.t I0 1,69 t ,200,000
53,459,S29,1t0 7t,7as,?00,0m
t7,629.t l0
17,629,1l0
?,09.01
tn r.spons€ !o BrDk rc$l.st, BB allowcd vidc lencr no-BR.PD(p I y66l 13,2015- l83l dat€d 09 March 20l5 ro Bank to mai ain provision againsl writ Loan-2o% in 2014,
40% in 2Ot5 and rcsl40% in 2016. Acco.dingty, ro clmply rhc Banglidesh Barl instruclion rcquircd rmounl of Fovision agarnsl Wril loa, has bien kept.
Cl..ri6crtior ofrdv.Dc6 .! p.r B.nglrd..h B.!k cirtul.r
% ofTotrl Lorrs20ll
% of Tohl Lo.r!2013
Figurein Million
72.05%
2.26o/e
6't.60vo
2-llyo243,200.58
162514232,t78.89
7.256_43
74.3t L 69-1tv. 250,825.72 239,435.32
Uncl.$ifi.d
Stard.d inoluding slaff loan
Sp€ciil Mcdion Ac.oud (SMA)
Cltc.lfi.dSubstlndard
Doub!tu1
Bad/t 6s
Overs€as brmchcs
7.10 Prrtro .]3 of r.quir.d pmvilion for lo.n. .nd rdvrnc6 / irv6tm.nt!Slrlu!
c.nerrl pmvilio'r
Si.ndrrd & SMA
i)HF&LP
ii) CF (Odpr ftan HF & LP)
iii) Agri & Micro
iv)small Mcdiun Ederpdse FinanciDg
v ) Statrlran
vi) Others
Slb Tor.l
Spedtic pmvbion Sbtu!
Sub-.i.ndrrd
i) Shon term Micro Crcdil
ii) OlEri
Doubdut
i) Shod rcrm Micro Crcdit
ii) Olhcrs
Ad / Lo.r
Rcquircd provisior for lorrs aDd rdvanc6 / invcshcnls
1.190/0-).lto/.
20_46./0
t_60%
I 30%
2t.32vo
6,025.51
,16t.2569.049.88
5388 00
4,464_49
93.816 20
2l5tv. 30.2t4. 854,6.64 103,76t.69
o-o1.4 292.01 246.5t
100.00% 100.00% 337,554.43 !43,450.32
Fisum i, Million
E.i. for pmvilio'l Rr..(%) R.quir.d Pmvtuion20t1
Requircd Proviiion20ll
t.085 65
t,906.?3
20.301.32
t7,076.23.t.20
203 r97 58
2.00./o
5 00vo
2_5V/"
025%
t.00%
I _00%
21.71
445 34
50?.53
42.69
0.07
2.03t 98
9.64
219 50
1,219_52
E9.86
) oss
3,(X9.12 3,691.67
in
8... for pmvisiotr R.tG (%) Reqdrcd Provi.tion20t4
R.quircd Provision2013
I,199_16
2,196 t4
I,t92.ll5,439.94
Excc ioD at 3l D.ccmb€r 2014
1.9
R.f. Comolidrt d BrnI2Ot4 | 2013 (R..ril.d) 2014 I 2013 (Re3rrr.d)
Plrdcult]3 of Adv.trc..7.ll0iD
Ir.ff ooNidcrcd good in resp€cl of which thc banking company is tully s.cur€d.
Lo0ns corEid.rcd tood aeainst which lhc banting compa.y hol4i no sccurity odEr lhan lh. debtors
pcrsonrl gusrlnl€.,
l8?,70r,64t,621 | t91,9t9,084.907
13.828,41t.E72 | I0,29 r ,43 I ,24 I
53,519,712,1641 44,887.254.50r
255.079.7t6.257 247,1t7,170,649
48,217,8?2,88t 42,91t,868.833
48,217,8?2.88t 42,91t,868,811
73.l]9.r?6.t441 46.555.614.42r
956,063,000 | 85r.249,00027,519,604,?23 | 23,r99,071,206
144 42t
iii) Loam considcrcd good ieorcd by ihc p.rsonal und€nakings ofone or morc panies in addition to thc
p€rsoral Suadt ! ofthc debtor
iv) Lo0ns adrcr! lv classified: orovision not mai ain.d thcrc asainst
v) Lorns due by Directors or Otrc.rs ofthc banking company or any oflhcs. eilher scpar.Ely or.ioinlly
*ith any oihcr pcrsotr!.
vi) Lorns duc fiom Compmics or Fiins in which thc dircclors of thc Ba (ing Compery h'lt inlcrcsts
as Dir..!o(s), Parhor(s) or Managing sgcnl(s) or incas€ ofprivite comprnies ls mcnbc(s).
vii) Maximum lolalalnouDl ofadvanc.s, including &mpomry
rdirnc6 mrde at any 6mc during thc y!.t lo dircctors o(
m6nrgrrs or offcers of$c ba* or 0ny oflhcIn cihers.veotly orjointly wi$ any olher p€rsons.
viii) MaximuD tolal anount ofsdvancls, i$cluding l€mponry
advarcrs grBnt€d during dtc ycar lo th. companics or fimsin which rny oflhe dirccbrs of he bml irc inlcrcstcd as
paftErs or mamgiDg.gen! or, in casc ofpriwl.c!mp.ri6 .! mcmb.rr.
Duc toD othcr bankhg companies
Amout ofclassificd loarB or which inlcrcst has nol b€en charged
r) Incrcarc(Dc.rea5.) in Provision
Amoud of Lron nitt€n off from Provision
Amounr niliz.d acaiGt Loan previously writlcn otrb) Amour ofp.ovision k.pt agrirct loan classificd
c) Inr.r.st crcdirablc ro rhc Intacst suspcn!. rc
ir)r)
ti) Written-off t oans as pcr Bangladcsh Banl BRPD Circular no -02 datcd I 3, JaDuary 2003.
Cunuhtivt arnoullt ofsrittco of loan
turou r.-dizcd during lhe ycar
Amounr of *durn ofr Loan during lhc currcd year
amour of wind om bds for which suit hss b€.n 6led
variou! stcps hav! bcctl lakcn lo r€disc thc wrincn offloaD ard propcr rEcords at€ b€ing mainlaircd.
8,m Fircd A$!l imludin8 Prtmi..s' Fumilurt lt Filn 'r(A) Co.tIn Bangladcsh:
Prcmiscs
Building
Elecrric IGrallationCompulcr
Motor Car & orh.r V.hiclcLib,ratySub-ToLt(ln Bmgl.d.sh)Ov.E€as Bramhcs:
Kolkata BnnchSiliguri Branch
SuETotal (Ovcrs..s Birnch.s)Toarl Corr vrluc
(A) Acqrmrlrt d DeDn irrionh Barsladcsh:
Building
Fumirur!
ElccEic Insrallation
Compuer
T)?c Writcr Machitrc
Motof ca, & othcr vehicle
Ubr.rySub-Toi.l(h B.ngl.d..h)Ov.rs!.s BrdEhcE:
Kolkda BIaIrch
Siligui Branch
Suh.To.rl (Ov.r!ct. Bnnchc.)Tot l Accumulatcd DcprcciaiiotWriti.r dorw v.luc (A.A)(ILtails shown in Arlll€xure-B & C )
2,315,832145 I,&0,980,939 2,244,879,520 1.801.650.179
5l
244,459,197
39t,065.45?
s26,360,t76
97t,1$,88t
5,109,648
114,276,194
2t3,466,471
1t5.689,219
383,151,405
770,0t4,605
3,612,264
122.504,666
244,459,797
380.4t 1.019
4'14,419,253
966,406,1tt
5,109.648
t 70,836.194
213,466,411
I14,133.846
181,148,287
766.484,536
3,612,260
120,064,666
t8.1 .384.457 1 (9.09 r
16t,841,906 | 42,952.086
J2.192.580.0001 70,054,500,000
E.ol [email protected] of Fired a$ers
Co$ (Orlginal)/Relaluti@
Addition duils dr year
Less Disposal Adrustmenr du nr rh€ rear
Less: Accumulated Depreranon(D.l.rls sho\n rn Annexure-B&C)
14,39:,501.t39 24,519,561.O2't
9 845 0a4 Aa4
14,302,831,888 24,543,087,520
35rl79laJt0 34,a24t5.r7.91l a\r27p99,64 34J88,t21,t7tI15,55t.795 83,367.951
TaIa :-9 70-000 and Taka 5i9.8m p!'d to th. Gor.lmot ftrou8h [email protected] challan ld purcharng 0 13 and 0 :75 a.r.s of land for consruclron of bmk pr.mises(Court Bu,ldnl!: Tanga,land Rljshahi) as advarc. Th€ sid ploh of land {ill b. rcglsrer.d afier obta'nhe p.m'ssron fom th. tvlDrstry of Lan4 covcmm.nl of th.People's Reputllic of B.ngl.desh
I t5,55r,?96 8i,859,720l5'102J66515 34JiOt779.958 35,012t447rE8 J43Mr6t,45l2.115,83:.444 1.81O.980.9i4 2,2rt4.3r9,5t9 1,80t.o50.t7o
J2,78653,r.0?0 32j2r.799.0t9 12.767568J69 32.S02nrt-O72
t36J70.97r5!3 la2.t4tJ(D557 t39.09?J46696 13aJ74.599J76
t2:,i0:_794
:18.581.088
t 0_:70_.191_880
62i.186.904
5.715.780
i6.998.069.353
t,620_l!:_r0
87 m2 069 584
112.070,828
li9,Ji7_il I
r2.074.091_868
65_129.69r
6.095.141
i6.175.26.t.245
6t 1.846.9?l
32 717 t',7l r94
2,147.551 ,242
222.502,191
:28,582,088
t0.251,645.441
623.186_904
16,998,069,i53
t.620,332,110
86.959.470.705
2,351 ,tot .2a2
232,070,828
239.43r_5
I1,983,?76_534
65.129.69r
36,t 15.264.245
6r 1,846.9?3
a2 709 712 4t2
SonaliExchan!. Co lnc USA& SIL Dhaka
Starione^- Slampsand Printins Mate .ls rn hand
Adrance Renr .\dtenr*menl etc
lnr.rsr. Comn,s,o and Exchange Rece'vabl.
Cl.$ilic.tiotr of Asel. by C.tegoryPerfomrinB other.iiei.i)Sonah E\chanse Co Inc.&SlL Dhal€
i') Advanc. Rcnt. Advertis.mcnt crc
iir) lnierest. Connrsnon and Exchange Receivable
Nor perfornrn'g othe. rs.et3
v)Statronery. StanrpsaDd Prinnng l\,lalerrals in hard
vi) Branch Adtustment
Sonrli Erch.ngeCo.tnc. USA & SIL Dh.k .
lnv.stmenr nr Sonalilnvesh€nl Lld
Lons term loan ar prevarline Bte of lnreresr
tDng renn loan al SIL Dhaka
9.01
903
904
905
22E.582.088
t0.2?0.493.EEo
611 186 90r
219,4i7.51I
12,074.093.E68
2,141 ,557,242
228,582,088
10,251 .645,441
621 t 86 904
2,157.10r_282
239,471,51ll
ll,9E3,776,5]4
65 329 69r
2J47557342 2J57.l0rJE2
'lnv.slment rn nrbsrdrdr.r hav. b<o pEs.nt d und.r thc h@d ofoth.r ss.rs Earli.r. rt\"s rcpon.d und6 rhe hedd ot inv.stEot. Now EaEangcd
I t,t22J6t 812 t 2J78.86 t.070 13296,971,713 14.645,645.0t 6
125,E.1E,709,6,1! 119,762,1.18,,18? 125,80037{,981 119,2E.954,458lJ6,9709rr,5rJ r32,r4rJ09.55? tt9,B'7J46,696 t34J?4,599,.t?6
222J0,2,794 2!2,0?0,828 2225O2J93 232,070,828
2,0@,000,000
74,052,500
1t3,504,?82
2,000,000.000
13,472.040
ttf,229.2A2
I ?0 000 000
14,:ll5,918 t2,051,862
220.0t6.966
14,4t5.9t7
208 086 876
12,051,862
902
906
9 0-t
908
i6.998.069.i51
5.?ai_780
1.6:0.332.80
8? 00t (x9 5s4
2i2,070,424
16.t75_t6l_2.15
6.095_2,r7
6t l_846_971
222,502;t9J
36,998,069,351
t,620,112,t30
86959470705
232,070,424
16,115,264.245
6l1,846,971
821@',1114t2
St.tionerl,Staoprrnd PrintinelU.t.ri.kin hrid
Adv.nc€ Rert.nd Adverti.Menr etc.
228,5E2,088 239.437.51r 226582.088 239.417.51I
9.92
52
P.dculrr! R.f. CoNolidrld B.r*2014 | 2013 (R..irr.d) 2014 | 2013 (R6t.led)
9.0{ Irl.rsi' ConEi!.ion & Exchrng. rtc.ivrbl.
i) tnerest rcocivablc
ii) Comnission rcccirable
iii) Exchangp receiwble
iv) OdErs r€c.ivrble
9.0S Prdiminrry, Forf,rlion rnd OrFrizrtion Etp.nt .' Rcoov.tio./d.v.lopncn. Erp.m....nd prcprid Elp.D!.3
Prcprid Erp!ru.' (Tr.nlferrcd fmm djusiing Ar'C)
R€nt
Lsw charges
Posrigc and Tclegram
Sundri.s
Br.Dch Adjurtm.nlD.bi. Brlrrc.Sonali Bar* Gene.al Accounl Balancc
Main Officc Aocout B.lancc
Sonali Brnk Gcll.rll Acc.u (RMS+)
Sonrli Batrk G.ner.l Account (IFRMS)
LG!.: Cr.dit B.l.nceSo,lrli Banl Gencml Account Balancc
Main Ofhc! Account Bahnccsonili Bark G€ncml Accounr (RMS+)
Somli BaDt Gcrlc il Account (IFRMS)
621,186,9(x 65,329,69r 623,r86,904 65J29,691
9.06
2,I 5 I ,24?,?01,33110t,36?,159,616
41 ,747 ,204,3902.t62-809-986-763
I.563.E5t.047.E73
299,450,84t,728
t2,21E,624,980
1.242.123-286.0?0
2.151.247.701.333
30t,367,359,6t6
4't ,7 4't ,20/,3X2-162-809-986.763
r.563,85r,047,873
299,450,U1 ,72E
t2,238,624,980
I 112 121 286 070
4,563,172,254, t 02 !,I t 7,663,tm,651 1,663,I ?2,25{,t 02 ',1
17,661,800,651
9.05.01 Provl.lotr rgrlDrl Brrmh Adjultmlrr (unrtconcil.d .nlri.s)
In r€spoffc to Eanl rcqucsl, Bangladcsh Brn* approv.d vid.lctt€r DOS(S)I I55/53n014-2555 datcd- 22 Dlccmbcr 2014 lo kccp provision a8Ein$ Branch Ad.tustmenr
(Unrcoomilcd cotsics) amounting Tt. 100 millior d s ycar.
9.(I1 Sr!p.n!e Accourt
I Prc-Paid ExDcnsca
2 Dcad Stock
I Lrnd and Pr€mis€s
4 Advaffc Rccorrrablc
5 Charga incurrcd but not aocountcd for :
r) Sdory & Allow.ncca
b) Trlr€ling Exp.ns.s
c) Rc
d) Tax€s
c) lnsurrnc€
r) Misrrllan€ous
3,542,258
3,600
t20,247
109,872,845
|,506,793,I t0
2,642933
| 9,130
154,671
154,068,661
454,961.572
3,542,258
1,600
120,247
109,872,845
I,506,793.1EO
2,642,933
19,B0
154,6'17
t54,068,661
434,961,572
9.08 Oah.rr r
a DrrR Payablc Acc.o(lnl (Ex-Advicc)
b Govt. M P.yablc Accoul (Ex-Advic.)
c Prorer&d Ailsd Wagc Earncrs'Fund Purchrs€d Adjustnrnt A./C.
c Agri-L,oan Olhcr Ex€mplion A/C-2004
f Agri-Loan lnGrc$ Excmption ,C-2(MI lncome Tax Huctcd at Sourcc
h BR-DB UCCA Crop lrans Pcnal l . Excmption
i BRDB UCCA C,Ep torns Exemptionj BRDB UCCA Crop t 6ns tnr & Pcml lnr. Excmprion-2oo7
k S.nldnc A,/C
I t an Excmption UnderJutc S.ctors R.form Proj 94-9J.
m Demrnd Drans purchas€d
n Pension bills (Army)
o Pension billdcivil)
P PSPBSP EDtashmcllq AEi Ex.mol,mfrcr€d br River Erosiotr
' ric^g@f."@,r.,e.",o'"NRrtu[qehm ):]]*Q4
7,630,407,6
2,591,637,110
35.600,500
12.84?.4t9
t0,34t,819,483
t,639,609,6{5
2,347,406
90:lt7 tt:!4
7,630,407,6t I
2,591 ,637 ,310
35.600,500
t0,341,8t9,4E3
t,619,609,645
2,347,406
10,270,492,Et0 12,074,093,E5E 10,25?,645,{4t I1,9E3,776,s34
733,t I I
206.384
153,5t4
621.893.835
|,449, t02
126.262
t,064,424
62.689.903
733,1I I
206,384
151,574
62t,893,815
t,449,102
126,262
I,064.424
62,689901
149,232,713
r6,422,819
3O0922,452
6,2l],577,$0967,0 t2
4,26142O
12,t34,38t,557
339,049.723
975.7t6,300
612,760,696
42,t96,008
5,094,543,083
764.346.277
7,346,110,234
r J2E,949,108
t.t00,625,193
9t,424,l]9s,712,636
227,217,582
18,950,84E
246,797 !489
2,363,726,7 5t255,t33
4,372,295
t2312,900,084
639,M9,723
t,073,790,753
757,008.222
25,1II,806
5,094,543p83
677,104,906
8,974,204,t86
1,2t0,tt5,415
689,291,252
98,964,362
6,M4,t55
149,232,713
t6,422,839
30n,922,452
6,2 t3,57?,810
967,0t2
4,261,420
t2,134,38t,55?
139,049,721
9?5,716,100
612,1&,696
42.896,008
5,094,543,083
764,346,277
't,346,310,234
t,428949,108
I,100,625,393
98,424.139
227,217,5t2
18,950,84E
286,191489
2,163,126,7 58
255,t33
4,312,295
t2,4 t2,900,084
639,049,723
t,071,790,751
751,008,222
25,31t,806
5,094,541,0E3
677,104,9M
8,974,204,186
t Int ngrbleA$€ts Valuaion Adjtstm.nr
Froz€n Fish Loan Eaempton A/C
Amly Pen$on brll P .hased ArC \e\Adlance p.\ment ofln.ome Tax
zt(t) Br.nch Recoistmnon AlCSrb Tor.l (r to z)
zi(ii) Olh.r A$ea orlnd'a op€ranonzi(iii) Los lncnrcd by srl,sun Brsnch
Tot.l ((s+.v)+.v(i)\1ii))
9.0E 01 Itrtrngibl€ rss€ts-!'rluoiiotr odjrrnctrt
Sonal B.nl L,r ed has iat.n oler the €ntrre asseE and liabilnies of lbmer Sonah Bank through s rendors agreement execut€d between th€ covemm..i ol rhe
Peoples Rcpubl'c ol Banglad.sh and lh. Sonal Ba.k Linned or l5 Nov.rbcr 2007 wrth rclrosp.cnv. .fr.ct iiom Luly 2007 A d.c$ion rmved uianimously rn ameenng ol rcucsentatrles ,iom lhe Mdrnry oi Fin.nc€ ol lh. Gov.Dnlnt ofth. P€opl.s R.publrc ol B.nglad.sh, BanSlad.sh Bank. Baneladesh Secunties &Exchange (omm,ss,on (BSEC) and rhree sbr€-oM.d comm.rc,al banks thal soodwrll has b.m cr.ar.d Sonali Bank LEitcd has ,ssued shares in rhe.ame of rh€
Covernmenl ol People! R.publrc of Bangladesh although the.e exisG accumulated losr ar on i0 Jun. 2007 lt qas also decded that as fiere exisB no sp€cific h.adsof accounls the onrount _qoodw'll thould br sho*n as valutio sdrusimet undq "Orher As*ts" and be graduallv lwitt n offwithin the next t0 years vhich was sr.ned
Sonah Bank Lrnnr€d recogn@d Goodrrll Tak.65.743,20?,158 in 2OO7 and.l rhe same nme rhe fi\€d.r*r ol the bark sere revaldeddd retaluauon g.rn of Taka8.811.8:.l.l9l has been shown h financ ral statem€nE 4 as€l r€valuton r$€n. accordrngly As the Goodsrllrecognrnon and 6x€d asieis revalual@n w€@ @curedin sam€ accounhng!tar. so there was a scop. lo adju$ th. goodwrll agarnn th.r.valuation garn asp.r para 45.48.nd 50of BFRS-3:Busincss Combrnahons. Bur lhatnne eron€ouslv Nas
"ol h.pp€ned- ralh.r consrd.nng I O y€ars as a w.nfl ofl penod of good*rll Taka 19,4.18. I 24.124 w€re amort,zed in mcone sl.l.h€nr ol th€
banl from l0O8 io 201 I To cooply lhe r.rp..hve pa6 of BFRS-3, with fie approval ol Bangl.d€sh Bank vrde letter no. DOS (BSS- l ) I I 63/96/20151996 dar.d 24Febtuar'_:015. ban\! Frnarcral Statemnts of 2014 hrv. b.!n prcpa4d aft{ adtusrDs r.valuation..scNe Taka 8,8i3,824,291 Subsequcntly. as p€r BAS-8Accounlin! polic€s changer rtr accountins eslinacs ard .Eo^. lhe retain.d Gam'n$. goodslll and the as*r revahBlion reser. bdecc have be., restated
Op.niis balaice ollnI.ngible Aset- valution AdjunmentL€ssr Amonrahoricharg. during th. y.arClosins BalanceAdd. Prev,ous rear 6mon,xd no\ recirfied.nd chang'ng incom€
L€s Adrustnrnr { rvth aser elaluafion rcsene)
9.0&@ Deterred l r .!set3Openms BllanceAddrtron dur l:t rhe year
Closinq Balancei) wrni€n do\n \alue ofF,xed Asrrst) Ca'rynrs amourr ai balanc. sh..l daie
Less Land \ alue AmounrCarryin! \.1\'. \,rhoul con'denngland value
c) T.r.ble( Deducrible) T.npor.r,a DiIT.r.rce (.-b)
ii) Emplove€sL'.b,|'rres.) Car r !_'ng amount at balanc. sh.d dat
c) T.sble(Dcductible)T€mpor.ryDifierere(r-b)
iii) rrlerGtorstruririe!r) lntiestonseunt,e(Ac(u.d)b) lnt{est on secunne(Cash)
T"ra ble( Dedndilrte) Tenpor. ry Dift retu. (.-b)
iv) Provkiotr for Brd & Los Lo.r,) C. )-insamounr atbal.nceshed d.le
c) Turble{Huctible) TenDo.rry Dir.rerce (.-b)
v) Tolrll.mDodrydifi.retrce
viD Deterrcd T,\,setsviii) priortear adjtrsr'treit
ir) Closn:r delired rr\ ase(s
r) Operins D€rerred T.r
Ir.g.ii.( l.(re.*) ot dererr.d Trr (A$eByLi.biliti6
- 8,811.824_19l - 8,811,824,29r
- 8,8i3.8:4,29r 8,83i,824,29r
(50_658.954_701) (50.1j5.5?9.78?) (50,658,954.702) {50.235.5?9.?87)
(50,65E,9s.1,7O2) (5{'35579,787) (5065E,954,7@) (501355?9,787)
22.t21.111.455 15,077.9?4.866 22,t22.|7,455 t5,071,974.862t,401.613.157 t3,854.941,251 21,403,6t3,157 11,854,942,251
,tE,50.lJ9E tJ23,{)32,6r3 718J04,29E t,221,82,6t3
(so,r90j0&837) (49rr9.55r,027) (50,t90r08,E?) (49119,551,@7)
42 5W. 42 5t/r(2t.110,881.256) (20.918.i09_t86)
{21J30.E8r256) (20.9!8J09.tE6r
(t0.9t8.t09_t86) (t9.642.680,978)
425e/r 42.5V/r(21,330,881,256) (20,9r8,i09.r86)
(2r'l30,t6r156) (2011E,309,tE6)
(20,91 8,309, t E6) ( r 9,642.680.978)
t9.720,76: I l8:t.110.881.:55
t0l.?71.510
4t.154_:5r
i.l66.l2i_815
1.24:1.628
26.295.031.834
20_9t8,[email protected]
t0t_771.5t0
25 393:47
1,500.5t5
t9,720,762,t tA
21,330,88r,255
t0r.773,510
2.159.694,111
I,t66,323,815
26,295,032.334
20,913,109.t85
t01.771.5t0
(.rf2,572,m0) (!r75628:07t (4r2572.070t 027a.6282lJ,,t
2rj30,88rr55 20BtEJ09,t8s 2r,330,EEtr55 20,918J09,r8s
P.nicuhE R.f.n T.tr
CoLrolidrt.d Blrk2014 I 2013 (Resi.red) 2014 L0ll lRdtlt d)
9.09 Proviion r.quir.d rgriBr Oth.r A!.r.t!a. Suspens€ Ac.oudb. Prorcsred Billsc. BrEnch AdjNhcnl (mrcconciled eDtric,d. Branch RecoNlnrclioo Acoount
e. AEi l,orn Ex.mption aff.clcd by Riwr ErosioDf. BFDB UCCA Crops Lrans lnt.Penal lnt. Excmpl. A/Cs
cl
flglc.
h.
i.j.
Jutc S.olor R.fom ProjcclFrozcn Fish toan Exemptior A,/C
NRT A,/C Dr. BalanccOthct!Tot lL€ss: ftovision madc (Notc No. 9.10.01 & 9.10.02)Slrrplu!
Pmvirior.s.iNr Brrmh Adjultm.d (unEcotrcild !nrri.!)ln respoN. to Banl rcquest, Banglidesh Bank approlEd vide l.lter DOS(S) I I 55/5320 I 4-2555 d.rcd- 22 Dc.cmb€r 2014 ro keep prorlsion sgainsr Bmnch Adjuldnenr(Unr€coflcilcd enlries) amou ing Tt. | 00 million lhis yerr. Accordingly Bant ha: pmvidcd th. s&nc amounl
BRDE UCCA Cmpr Lo.r.l .P.n.l Ini. Erclrpi Arc.U il rcimbut!.me fiom Gorr., Bangladcdt BarI adsscd lhrouSh len.r vid.-DOS(BSS- I) I 16l/96/2015/82l, dat.d I 7 Fcbruary 20I5 lo makc provision againsl BRDBUCCA Crops Loatr! LP.nal L Excnpi. A,/Cs (trolc no. 9.0E h, i and j), @ l0% pcr y€ar iom thc lirst 4 ycars and rhcn @20% for d'c n.xt I y€ars. Acmrdingly,provilion ahounling TL. 229 milliotr h&l bc.n kcpl lhis ycar
Jur. S.cror Rcform Pmi.ciThmwh lcncr no- DOS(BS}I )l 163/9610 | 5/t2 I , dat€d I 7 Fcboary 201 5, Bandadcsh BaI't approvcd thc BanI requ€st to pmvide Tk. 100 million provision per ycaragainsl Jutc Scctor Rcform Proj€ct (not no.9.08-l). AccordinSly BanI has provided Tk. 100 million $is y..I.Movemcna of lh. Pmvillon rg.irBa Orhcr Air.as
2,2 t 0,000,000 I,546,89?,690 2,2r0,000,000 | .546,89?.690
cl
8l
9.10.01Op.ning balanccLcss: Wrincn- offduriDg thc yc.r
Lcas: Trnnsfcncd io P&L tuC
Add: Addition duriry thc yc{r
9.10.02 Pmvirion rnrd€ rgrinia olh.r.ri.tOtlcr asiatsIntcrcst rGcrvc ainsl BRDB UCCA Crops LoanBRDMTCCA Crop Loan Inn.& P.lnx. Rcs.rw A"/C.-200?Intcre* Rcs.nr lgrirst Agi-lran lntcrcst Ex€mption 20M
10.00 Non BrDkirg Air.L
11.00 Borm*irt! f]!m olhcr b.nk,liD.nci.l in ituriom &.g.rBIn Buglsdcsh I LoIOutsidc Bangladcsh 1 1.02
ll.0l h hl|tl.d.3hBaDsladcah Bant Dcn'.nd Loan:R€finrnc! agaiNt RHFG from BanSlrdcsh BankR€Enarc. agains Jut. Sector from B.ngladcsh Ban*
11.02 Outrid!Errgl.d..hUllrgcas Bftllrchcs
I l.0l.0l Securit .8rln.t bormwing. from otlrcr b.rk, fiD.rci.l inliiautiotr3S€cured (agairEl bi[s)Unsc.urcd
I l.O3 Mrturily Gmtlpinr of Eorrowiry From Oihcr B.rk, Fimncill lmtituiio[! &PsyabL on danandRcpayablc on widfi I monrhOvcr I month but within 3 Mo hsOwrImo hs bur wirhh I yc8rOwr I y.rr bul within J ycarsOrrr 5 y.., bur widin l0 ycars
Drpoai! rd oihcr rccountrCurr flt Dcposir & Oth€r Ac.ruDtsBills PiyablcSavitrgs Dcposns
Fix€d D.posirsToLl D.porit .d oth.r rccount
O.pci! rnd oihcr tccountsI cr benl dcDosiBOhcr d.posits
L.3.: Int rcomp.ny bdrrc. GlimiDr!.d
D.po.il! tld olhcr rccourt!
Hn'#lt$mht\e)!/.s7
---_--/
r2.02.0tt 2.02 02
t2.02.03
12.02_04
12.01
12.0r
12.01
30o,922,452| 00,000,000
50,1959E.424,000
228,752572300,000,000I0t,773,5t0682,8J4,000
286,197,4A9
50.195
9E,964,362
t01,773,5r0663,006,000
300,922452t00,000,000
50,t9598,424,000
228,752,672300,000,000
t01,773,5t0682,854,000
2E6,197,489
50.195
9Er64.362
t0t,773,510663,006,000
I62.46t.471.1t4t2.676.34t.550
t89,696,005,800
162.529.318.199
t2,676,14t,550t89.696,005,E00
r47,060,09t,6208.430,055,665
t74,662,133,t58
1,546,897,590 3,616,697,1t7 t.s46.897,690 J.5I6.697.tt7227,E70,t15 t2 t,542.000 227.870.835 I2t.542.000
f,.L
2Ol1 | 20r3(tsr.t.d) 2014 | 2or3(Rkrrred)Otb€rDepo.itsDeposit frcm banksOther lhan Lanks
LBs: lrter Corp,.y b.l.re Elimimrcd
12.02 lr€posils and Olh€r A.courts (C.tegor! sis.)
Don$tic 8r.nch6Cur€nt and Conrrnsercy
Savings BanL A..o$rFixed DeposrisOhcrDeposrrs
Ov.B..s Brar.fieCurent 8nd Conxngencv
SavDgs Bant AccounrF,xed OeportOther Deposrs
Totrl Dom6tic & Ovem.r BErch6
12.02.1 Cu.renlardCorlitrg.nct
.) Doresric aranchesCurc A C (.r.dtr Balance)
Margnr on LenerolCrednMargin on B.nli CuaranteeForersn Bank Oeposrl
CureniA,( B.nerF \ed D€posrr lntereslSch@l Banknrs Scheme
Monlhl! Eannns Scheme lnteresrDouble BeieIi Sch€me literestForeign Cunencv DepostrUnsold Allan.r ol\ F C DCredn Bal.n.eolLoan & Advances
ldi: lnler Compin!-, brl.nce EliniMr.d
b) Oved.tu ar.tuhHTorrl Dom6ri. & Ovenqs Br.r.i6
l2.lYrJ BilbP.tabl..) DonBtic Srarct6
Govt DBtt PatiblcPalanenrOrderForergr Dr ll lr.\.km Chequ. lssu.d A cForersn Drali lrr\.ble A,c
b) Overseas Brinchs
Tolrl Domestic & Ov.Mas Bnrch6l2J2J Srving. B.nk Dep8it3
a) Domestic Branches
b) Ove6e.s BEnches
12.02.4 Fired Deposn
.. Dom8ric BHnch.sFi\.d DeDos s
Shon Nor,ce detosrrsDeposrr Penson Sch.neSpecial DeNsrt Pension SchmeSonal, Deporr ScheneEdt@rion Deposn Scheme
Medicare Deposit Schem.Rural D.posl Schemes
Monthly Eanring SchemesMamage Sa\nigs SchemesDouble Benetlt Sch€me
Triple Bencil Scheme
Nlillonarre DeIx)S ed Scheme
Da'lv Pror'rt S.hcnrNon R€srdent Oeposrl Schem.
t2.02 I at2.o2.2.l2O2 3.1202.4..
t22lb12.22b12.23bt2.24b
17194,142,646 6a5J55J0lJ68 778.042.688J0r 6as.a945a9j95
54rJ6i620 48229ji98 5{IJ63,620 442293394
t2,676,t41.550I 89,666.076.666411.0r2.895.267
12,676,141.550I 89,666,076,666411,012,895.267
174,629,632,351355,621,85?,105
D5,4504?0.706.401Irr8,841.700696.749.65231.45i,I i4
j.179,01i,526
8.t18.717.71092.! lt.t099?, t 06,404
i82.r68. 7
3,it4,399.i5r4,202,1 tO,t | 1
485_6i!.6i8
t5,650,i4.251.03755,106.i96
741.70i.7t613,396.499
2,431,7]l,3t88,262.559,8r4
?0.48i.407388,t8t_6tli67_606.589
2,956,531,1603.986.144.752
336,941.761
135,450410,106,401148,84t.700696,749,65231,453,t34
I,179,0l].526E,138,717,710
9?,1ll,t099?, t06,404
i82,168,1r71,334,199,3514,202,1tO,1 | 7
485,63i,638
t5550534,253p8?
55,r 06,396743,103,1t6
13,396.4992,431,?3 t,1t88,262_559.8t4
20,48:.4073EE,r8l.6r2167.606_589
2,956,533,t603,946,144.752
136.941 .26-l
210.4?8_545_01:68,l]7.5i9.576
Ii?,9t6..187147.219.646
9,t6t.8I4.60610,260,546,85521,8r6,296.994
3,t52,439,5172t,041,455,851
2,156.791.720
43,t09,964.1641.215.796.189
1.307_t89_618l10.978,0t I
t?t 7li 555
186,886.71r.:t655,556.960.658
756,:10_li9t0i,044.07?
8,256,838,92i9,004,470,8t9
20,158,545,2422,@0,2i9,946
20,6t0,876,9!l1,728,161,845
34.145.678.042?81.1 t:t.707766,24.r.81t
58.687,42566 8tl 45r
21o,414.545,03264,121,539,516
I37,9t6,487t&1,279,646
9,t61,8t4,606I0,260,546,855
23,816,296,994
3,152,419.571
2t,04t,455,85r2,156,791 .120
43,t09,964,164I ,225,196,2E93,807,t89,618
I10,97E,01I
I 86,886,721 .2 r 655,556,960,658
756,2i0,ti9103.044.0?7
8,256,418,92i9,004,470,8 I 9
20,t58,545,242
2,@J,239,94620,6t0,816,921
1,728,362,845
34,145.678,U2781, 4.70?16,244.a21
58,6E?,42566 3t I 451
558563574,,1,{4
5,615IJ20't@56,{ 1t6,.rr8510,195 l6lJE8Or5.l79
56
ER.nrement SaIngs S.hem€
Sonali RetrenBt Savrngs Schene
D€posit pensron paynent account
Sdali ldshal, s.nchay schcne
S A Emplores Provrde Fund(C.t.ral)
s B Ehplorees Pro\ dflt Fund (cont.butory)
Depolits aid Orhcr Accounts ([email protected] Ln.tion-wtu. D.po!il!)
4tJ,140,962,152 355,7.12J0&951 4tJ.140J62,t52 355,742J08,951
Itr Errgl.d6l' {DiYi.ion sir)
Sylh€l
r2.03 a
1203b111,143.328.6$2 | 685.259,343.344
1l.O3.b Ouhid. Ba.gladesh
12.t4
r)
7&0426EE30t 6E5J945E9395
6t9359,619 635,246,05t
11E,O42,6AA3OI 685r94589J95
778.tH2688J01 6E539{Ja9J95 77&g2.6EEJ0l 685J94.589J95
67,905,5! 5 r39rEE,027777974,7t2,ffi 6E5,755J01J6E 77E,0426E4J0! 6E5394,5E9J95
An.ly.is of r$idurl mrturity SroupioA
M.turi!_ Group,ns of dcposrls and orher accous ( lrcludins Bilh
Repay.ble \rlhnr I Monlh
Over Imonth b Nrthin6Monlhs
Over6 months but*rlhnr I t'e.rOv.r I t.ar but Nrthrn 5 yea6
Over 5 years bu( srlhm l0 y.aB
l,e.: hler Conp{ny bnlrme Elidin .d
R.payablet\ithir I I onlh
Ore, I monrh b, s,thino llontrOler6 monthsbut within I ,erOver I yearblll wrthir 5 years
Ovtr 5 years bu[v'thrn l0 lrars
Repay.hle qtrh l\onrh
Over I monrh bnt \vrrhrn6 Monlhs
Over 6 nrondu bd \vnhin I year
Over I ,€ar but \rilh,n 5 ye.rs
Ovrr 5 yeac bw wlth'n I 0 ).,.ars
LBi: lnte.Co rprny brl.n.. Elinin.led
l r,408,625.90?
7,986,038,l]I
2,241 .725,18)1,140,862,590
26,411,,17,7(X 22.41725!.80,1 26.4412t2.1M 22Jt7251.80.1
751!595!475!595 663t077J3759r ?5rJ91475rs9s 663,0??13?59167,905,6t5 l.!9rE8,027
117974,142,66 6E1755J0tr5E 7?8,042!6EEJ0| 6E5,E94,5E9,195
R.f. Arnk20ll 20t4 20ll(R..hted)408_089_847
t,75r.80:_791
21.:51_960
8_ri:67I I .983,0.14.04 I
l892lr.l2o0
411,291.262
1.617,028,232
40E,0E9,84?
1,75r.802,791
23,252.9@
4,t21.261
I I .981,0,14,04 I
r 892 3
'4 200
47t,29t2621 ,627 924,2.i2
t 594541413
.141,598,768,802 | 19t,1t6,896.768
96.745,t28,5171 85,67t,978.a4i
48.558,t80,7091 42,A16,@4.1A6
16.E50.2l].7r8| ll.r0o.02l.6ir
3r.090.752.:47 I 28,145,or 5.984
26.895,56t.0411 21.094.497.515
40,117.592.40t1 15.89t.317.r68
69.422_084.151
60.509.713.7r7
8t,141.60:,756
75,002,009.494
17i,392.640,911
292,r r2,0?5.681
t5.li8_8t7
I97,052.675.731
36,09?.762.559
I t2,884,96t.t80
I t0,865.374,848
124,294.6E7,105
8t.873.576,918
8 298 6?9
69,422.084,t53
@,509,123,1 | 1
8t,t4t,602,756
75,@2,009,494
t'13,392,540,917
292,112p75,68t
r5118 8r7
t97,052.675,732
36,u91,162.559
I12,884, 1,t80
I t0,E65,3?4,848
124.294,6a7,',105
8t,871,5?6,938
a29A 629
777iA3ir8-652 545159343344
5t
R.f.
2Ol4 | 2013(R..r.redl 2011
Bilk Prtabls
Repayable\irh ' I Month
Ov.r I nDnlh but wrlh'n 6 \4onths
Ov.r6monrls hur wirhm I yetr
Over I !,earbutNithin 5 yea6
Ole' 5 vears but Nirhm l0ye.6
Un<l.rned depostrs for l0 !_em or more h.ld by the bol as
Provis'on lbr Classrfied lo.ns includins *rnProvs,on rb, Lh Cla$'ned |@ns
Provision J!FnNt drDrnrshrng v.lu. of lnv.stm.nt
12,676J.r |,550 8d30r055!666 t2,67634r550 81430055.666
t5338317 E,298,629 r5;38,8t 7 E29Ei29
l30lali.0l.b
Prov6,on iqnisr Ponlolio Lo.n
lnreresr Snspense l1o2
Liab,hv ,U e,nplovees benel'ir { PDCRB& P.nsion tu d) ll0l
Provision rbr tfcome Tax 13.04
Provision rbr orier asels
Exportrs Forergn Curency ReGnrion Quota
Pro!rsDn.!or$ O1I Aalance Shet Exposurc
Prolison lb [\:rflla/Bon$elc 13 05
Foreign CoresFondent Ch.rges
AdJusnng A..ount Cr.d Balanc.
Forc'Sn Curenc]'FNd Pu.chas.d IrC
kovis,on ld NOSTRO AlC
v@attonal women's Cr.Scheme GuaEnree Fund
AgrictrlMal Guarani.e Agamsl I DA Cr.drr -724 B.D
Industrial (i. CuaranieClaims me'ved Furd
Bangladesh Bank Cr GrErantee Fe.l DA Cr - 8:5 B D
I DA Senre (harges ?65 B D
BSCIC Se^ice Charges I D A Cred't '815 B D
Revolvnrg limd agarnsr I DA Cr.dn -?:5 a D
Snndry Deposrs{H o)lnter€sr Subsidy Account
SPL A/C's Proceeds or lmporl Docum.nts Dr ofF C( NBP)
Spccial acco nc s(lplus PrGeeds oI lmpon Coods
Unclanned Dn'idend (NBP)
AST ClDACu.rantee Fund for MCDSF
Mother Club $onren! Cr.GuaEnree Fund
Inl.refl Resehe rsanlst Agn Loan Interesi Ex.nprion 2004
BRDB/U('C'\ Crop Loan l eresr R.serv. A,C :00 1
Balarce tleld Nth Foreis B.nr abr@d (Cr Balarce)
Cr Balanc€ rn F C Cleanng A/C
Asian Cl.anns Un,on (NOSTRO)
LDan iiom lDACreditNo 765 BD
SiEisnnj hxc!:ored Rural Developmnr Fund
Agro Based lndusrEl& Technolog! De\ Prol.
Operalonil lc RD-9
R.bat. ,\ C oi Ternr Loans io NBFI
ll_676.14r.550 8.4i0.05i.666 t2,676,341,550 8,410,055,666
52,392,580.000
3.066.949.1l0
6r.t66.380
i25_i84.68?
t7.886.r61.821
r.64?.414.5t9
3.615.i74,:2i
2,2 10,000.0@
12,361.121
2,299,?91,180
I,611.45r.602
r.i8l.t40
2t6,004,057
6,178.1l0_099
r9,l:5,013
256,15i
r9,56:.6r2
t.834.492
I',78,997
510.8ll4.8Sr.l]]
17.810_800
t.946.928.872
3,585,6r8
787.657
3..r79
r49.i7?
45_it2
2.i54.r09
t.927_t.D.269
29,705,371
56.814,870
i6.750.825
150452
70,054,500,000
3,69t .200.000
41.74t.112
22t.760.1i1
l9,il t.49r.7r5
6.8i7.436.?20
1,40t,001,t tl1,it9,297.1i9
t88.741.808
1,758,027,954
1,667_461_668
6_926,948
205,1r4,41:
2.699,U4,2A1
r,E70,0r3
256,i51
19,561.61 I
I.814,49i
l?8_997
530.812
4_881.r:i
27,810,800
r.588..114.835
3,585,6r8
737_657
E.]79
149.57?
45,i t:2.55.r.409
45.:78,571
98.074.451
I_602.r50.282
7.711,064
56,824,870
i6. t26.145
95,079.860
8,568,827
4.154.774
52,192,580,000
3,066,949, I I 0
17,886,163,82t
1,647314,5t9
3.576.(69,413
2.2 t 0,000,000
42.j6tt21
2,299,291 3AO
| ,61 i,45 I ,60?
1,t82,340
236,004,057
6,178,r 10,099
t9,325,013
256,353
\9,562,612
t,834t92t74,997
510.8 r!4,881,121
27,820,800
| .946,924,412
3,585,6r8
1E1,651
8A19
t49,517
45,1t2
2,554,409
| ,921 ,143,269
29,705,311
56,824,810
36,750,825
1,59t,302
70,054,500,000
3,691 ,200,000
t9.3t 1,491.7t5
6,817,4t6.720
j,311 .261 ,aa9
t,I9,297,119
t88.74t,808
1.758,027,954
I ,667y'63.668
6,926,948
205,i14,412
2,699,O44,247
3,870,013
256,75)
19,562,611
1,834,493
178,997
530,812
4,88t,t21
2?,820,800
1,588,4t4_8t5
3,585,6r8
141,651
8,479
149,577
45,312
2,554,409
45,218.511
98,074,45i
l_602,t50.282
'1.1t2,064
56,824,810
36.t26,145
95,079.860
8,568,827
a 754 714
lTtt
FC Cl.arnrg \iCPrcvrsDn tb X checker
Prcvisron tf crlv Corp I
IDA Credn i9l7 B D
ARDB/UaCA (.oD Los
PorifolD Nlarsnr Depos
Remifiance Pa\able ro E
OIher prorts,on of l'rd'a
Provuron lbr lo$ ofSor
Asian Cleann! Unron l\Othels habrltrres ol subs
Prout Eafred b\ Ov.E.as BBnch
Other L,ab'n esot Overs.as Br.nch
R.se^t Fund or r.olkara Branch
Acctrntrl ed P.Nirion f.r l-rrrtrd Advrtrcd
r) Ptuvi.ion for Clr$ifi.d lon.Ircl.diIgsritB.lance ar the begi.nDs of th. FriodL.$ Loans Mtlen olI which lully Prcvid.d for
Add R.coreil Loans whrch was wrnren otfea.Ier
Add Spec,,]. Pro\rsron mad. dunng lhe )_ear
Lc$. Reco!€red and Proyision whtrh no more requred
Add NetChflrgeon Profir Loss Accounr
B.l.rce.t rh€ erd ofthe y..r
b) Provision tor t:n-Cla$ili.d lotn!Balanc€ ai rhc begnn rng of rhe penod
Less l,o.nr \i tren on \hrch lullr_ Pro\rded for
Add. Reco\er\ l'om rhe Prevrous Wntt.n Ot_ Lo.ns
Add: Special Proyu,on dade duflD8 th.:/.ar
L€$: Recove.ed and Provision rvh'ch no more Equircd
Add:Nei Charue on Profit Loss Account
Balance ar rhe endoftheyear
Balance.l dre begnhns of the p.nod
lnterest ReseNe Pennl lnl.rest
Add: Amouni ransl-ered to'lnter.$ Suspens.' Accounl
Inl.rcsl Re*n,e Peml Int€r.st
L.ssr Amounl Recover€d m 'lntEe3t Susp.,s." accoul during the }tar
lnr€r.sl R€krve Penal lnleresr
L.ss. Amounl \ltlen ol} durmg the t€ar
Inl.r.n Rfscr\e Penal lnleresi
Balance at the end olrhe perod
lnteresl Reser\e Penal lnt.rest
51,9.13,1l5,tu 69.773474924 5lp43,llt543 69,773,474924
t6t.841.906 41,951.086 t61.841,906 42,952.086
51.104.s59.1149 69.816.411.014 52.104.959,449 69,816.411.01,1
287_610.551 218,068,986 287,620,55t 238,068,986
52J92.r80,000 70,054.5(x},{X'0 52J9:t,580,fi'0 70,054,500,000
97JJ49.921.431 1t6212.591225 96.GEAIi452 t15ja2.t95r75
52392.540. tO ?0.054500000 52392J80.000 70$54.v10.000
3.69r.100.0m
I691 100 000
3,69l.2oO.OOO
3.69r.:00.000
62.1.:50.890
t.066.949.1l0
l.?6?,5@,000
t.?67.500.000
1,767.500.;oo
3,76?.500,000
76,i0op001.69 t .200.000
3,691 .200,000
t.691.t00.000
1,691 .200,000
j.69 t .200,000
624,250,E90
3p66,949, r r 0
1.767,500,000
3.76?.500.000
3,767,500,;OO
3,767,500,000
?6,300,000
3,69 r ,200.000
t9Jt t.l9l,7t5 t 9,714,7 t 5,091 t93 ,49t,I5 t9Jr4,7t5,091
8.057.289.r63 10,694.5t9_841 E,057.289,16i I 0,694,5 r 9.842
8O57r89,r6J t 01694-r t 9,842 E,057JE9,|63 r 0694,51 9,842
19.='t'1 .t'14,6J4 19,666_662,491 t9,211,t14.614 19,666,62.49248.052_599
i.:45.860.r61456065
4.3?t.598_l0ltl 715 5ts
t.245,860,161 4,371,598.r0r
3066,949,1l0 3.691J00.000 3.66J49.1r0 3.69r100.000
3246316228 4JE5JJJ,6I9 4246)16224 43E5J33,619
R.f. Brnl2014 20t4
)I7BD
.oD Losn lofi& P lnrr ResF. A1C -1007
s ofsonal' Polai,s FT Ltd
I O.OOO.0@
46061.59r
:15..t61. :l
19.896.565
46.610.54',7
689.151
90,552.05r
r o.ooo,;oo
106.t:5 671
&1.247_526
i t,814.990
55.tI.498
I10.184.659
5t6.222.449
r o,ooo,ooo
46,062,591
715,462,t t4
689,257
64,t 9',961
90,552.051
r o.ooo.;oo
206,125.671
84,241.526
689.257
t30_t84.659
54_9:6.561
282,9t r.r6858.004_i28
tu.504,1'15
54,926,563
282,911,r63
58.004.128
14,508.1',i5
88.672.:6t
70,054,500_000 73,675,200,000 ?0,054,5@,0m 71,675,200,000
6,21:.0i8_412 6.7t2.409.599 6,212.014.4 | 224 262 4t1
6,712,409.599
6r!6J00r29 6,7r2J09.599 6136,300,829 6,772,409599
424-71t443 22r -l4536.l
13.{E
59
l3.G Lirbilily for employ..i bemlia ( PDCRB & Pen.ion fr.d)
F* value of dein.d b.n.fil obl,glt'onL.ss Fatr Yalue oi-beneni phn as*rs
.) F.ir vslue oldefi ned b..efi t oblic.tiotr
Son.liBank Lrd Enrploy.es Pens,on tundSonaliBank Lrd Emplo)_ees PDCR Beneft fundProrision for enlployees benefit
Transfe/Adr$nnenr made dunns th. ye.rSonali Ban[ l-rd Enrployees PeBion fund
Son.li BanL Lrd tlnrplovees PDCR Benetu fundkov,t$n lbr enrplovees ben.fit
L.ss Prvnl€nr nEde dunnsthe year
SoDh Banl Lrd Employe.s Pensron fundSd.li Banl Lrd Employees PDCR B€n.lit lundProvrsDn tbr emplovecs benelil
Add: Creatron dur,ns the yed
SonaliBanl Lrd Enrployees Pmsion Innd
Sonah B.nk Lld Employees PDCR 8.n.lil liFd
Provsron rbr enployees b.nefit
Sonal, Bank Lrd Employees Pmsion fund
Sonal Bank Lld Employees PDCR Bmefit fund
Provrs'on for enr plov.es benefi t
Plovisron S{rplt6'( Delicit)
b) Frir v.lue ofbcnelil Dl.n.s.t3
Sonali Banl EnlnloJ-ees PDCRB IDv.shent
Banglad.sh Co( Treasury Bond
FDR-LocalOftic. (SBL)
FDR-SBAC Ban\ I rd
Sonal' Bank Emploltes Pension Furd lnvesiment
Bangladesh Govt Treastrry Bond
FDR- Bank Asa
FDR- AB BartFDR- Loc.l Offic€
Toial Far ralLE olbenefit plo Ass.ls
Prorision for lno 'cT{r
Balance ar rhe bc,qnNng ofthe!,,ear
Less Paynlenr d rnl:l rheyear
Add Amounr transtercd durins the r€ar
Add lncomeu\ o! lndEn op€ation
Bstrnce rt rhe end ofthey.r
Provi3iotr for Bonusi EIgrrti.
L.ss Paynrenr during dE y.ar
Add Reahzcd durnrg rhe !,ear
Add llade dunne rhe year
B.lance ar the end ofrh. y.ar
29lvt,136:t20 2?90,068J7r 29241$6,nO 27)9qO6A31t
5,714,585,166 4,124,4283t0 5,714,585,166 4,t24,828,8t0
98O,lo.lJl5 5,942,197,159 980,ltta,4r 5 5,942,197,159
24,46&955,969 294O1i36,17O 24,45E,955,969 29201,436J2O
u,168055969 29207,$6,n0 '4,4689a5,9$
r.890.315.?8r
22,578.594.554
1.79?.862.578
2?,409,5t8,508
t,890,325,781
22,574,594,554
35_6i4
1 .191 ,A62,5-t8
27,409,538,508
I I .800,000.000
l0_000.000
2l ,800,000.000 : I .800,000,000
20.000,000
2l ,800,000,000
20.000.000
6o,ooo,ooo
60.000.000
88! 54r.r50
450,000,000
I m 000 dr,)
60,000,000
60,000,000
450.000,000
r 00.000.000
iJ0t_002.t Iit.574.8t I
215,9.16.921
3.748.36r_.14?
600,000,@0
252.640.666
3,177,267,809
r99J0r,664
3,140,526.@2
600.000,000
2i6,74 | ,1 1',l
1,0015.1!,,150 550,flto,{X'o t.ml.541.4v) 550,fito,o{o
22,42154 ! J50 22J70.fi'O.UX' 22,82t,54t,4fi 22370,000,0@
3,615314223 3r40t,002, J 357G669A73 3i77267.A19
1.565,5.r],180
I l.5l0.i t4
1.77:,000_22t
t.619,832.908
r5,2 .i55
I .500.000 000
I ,667,,161,668
r.565,542,380
r,510,3 r4
I 5m 000 m0
| ,712,OO4,221
1,6t9,8i2.908
t5,296,155
,6Ptuh\i* I oi,^i , l* l!
\+"/-q
I.797.862.573
17.409.5i8,50835_614
| .192.dt1 .15625.597,385.58r
1,797,862,578
27,409,5t8,50815614
25,597,385,58r
60.529,0605.658.056.106
244_509_886
1.880.tr8.9:[email protected],O@
5.658,056.106244,509.886
j,880.it8924
t5t.99t,263
8:7.r r:.t52
249.125.4O4
5,692.4?t.85t
152,992,267
421.r2,t52
249,725.i44
5,692,47r.85 r
1,613,{5 r,6!2 166r,453,668 I,6t 3,451,502 1,66?,:163.664
1J.04
Prdcul.r! R.f. Coruolid.ld Brnk2Ot4 | 2013 (Re.bi.d) 2014 I 2013 (Rcrrr&dr
C.plr.l
14.01 Authorir.dC.pihl600,0m.000 sh.rc 100 c.ch
14.02 Isru.d, !uh..rib.d .nd tuly p.id up Crpit l312,000,000 ordin ry dur.s ofTala 100erch
-Tfrm.0nlnm-IfJ
P.dculrr!R.f.
Amounl in T.LCoNolidtt d B.rk
20ta I 20ll (RBi.r!d) 2014 I lotr (R6trta)
14.06 Dcarib rbout Sh. rcholding
14.07 Nrm. of Dire.toE lnd th.ir Shrreholditrg
14.08 ShrE Mon.Y D.Posit
15.00
16.00
t7,00
Sirlutory R...rv.Op.ning Balam€
Add: Transfcncd duing thc y€ar (20% ofpr.'iax profil )
Closiry Balmc€
Oth.r R€crv..Balrnc. at lhc bcginning ofthc period
Tranlfcr lo Rcs€rvc for CSR
R.vllurlior Re..rv.R.vrlu.tion of invstn.nrArs.tr Rev.hntioD R6.rT '.
R.vrlu.lion of inY..tnetrl
Balarcc al thc b€ginniry ofth. p€riod
Add: G'in on RcrElurtion of Shat.
add: Rev.luation ofHTM
Add: R.vduatiot oflIFTB.lancc at lhe cnd ofihe pcriod
A.scb Rcvrlu.tioD R€.rv.
Balancc d rhc bcginning ofthc pcriod
Addirion during rhc yerr
Adjusuncnr ofcoodwillBalanoc ar llie cnd oflhe pcriod
' Rcvrlualior Rcs.rw amourtiry Taka 8,831,E24,291
dared 24 Februrry 2015
ffi\//-9- -\?-\il'l rrLa}: ).: iJ
\1N ,,1+"/
17.01
t7 _o2
6,43i,t11,issl 5,924,9t8,206
t.16t.294.6241 508,259,5{9
6.433.t17 .155
1.168.294.624
5924,9t8.206
508.259,549
7.501.472.!79 6.43J,177,?55 7'601'172'319 6'433' 177'755
6.672.630.782
2t ,495 ,933 ,217
3,682,595,144
2t 495.933.217
6,672,630,782
2t .495.933 .277
3,682,595,144
2t ,495 ,931,211
2&15&564.059 25.1?8,32t,621 28,168,56a,059 '5,IEI?40?L
3,682,595,3{4
229,211,853
662,252,459
2.O9A.565.126
3,M5,969,E12
(395,3r6,r41)
7,966,819
t-023.974-8t6
3,682,595,144
229,217,t53
662,2524s9
2 098 565.126
3,045,969,832
(195,3r6,r43)
7,966,839
1.023.9?4.816
6,572,630,182 3,682,595,34,1 6,5?2,610,7t2 3,682'595344
2t ,495 931,211 20,E60,624,702
9,469,l]2,E66(8.811.t24-291
2t A95,933,217 20,860,624,702
9.469.132.866
{8 813 824 29ll
21J95,93J,2?7 21,493,933,217 21,495,933,277 21,495,93r,271
17,01
9.08.01
has b€cn adjulred wiih relain.d canins as p€r Banglad€sh Ba appmvat no# DOS(BSS'I) I 163/96/201 5/996
No oflh.n 2014 AnouDt la 100
Cor..-cn of m rcoptt n public of BanSlad€sh Epr€s.nlcd bv Financ. sccr.liry' Mini$ry of Fin cc
DR. A, H. M, TIABIBUR RAHMAN
MR, RANJIT KTJMAR CTIAKRABORTY
MR. MD. NAZIBAR RAHMAN
MR, SHEK}IAR DUTTA
MRS. SEUMA AHMAD
MR. MD. MAHBOOB HOSSAIN
MR, MD,SHAHEB ALI MRID}IAMR, KAZI TARIQI,,L ISLAM
MR.MD, ENAMT]L HAQUE CHOUDHURY
MR, A.K,M REZAUR MHMAN
3 r I,999,990
I
I
I
I
I
I
I
I
I
11,t99,999,000100
r00
100
100
I00
100
t00
r00
100
t00
312,000,000 31,2m,000,000
St tui No oI shrtt! 2014 tunounl @ 100
DR, A, H, M, TTABIBUR RAHMAN
MR. RANJN KUMAR C}IAKRABORTY
MR. l,lD. NAZIBAR RAHMAN
i,R. STIEK}IAR DUTTA
MRS. SELIMA AHMAD
MR, MD. MAHBOOB HOSSAIN
MR. MD,SHAHEB ALI MRIDHA
MR, KAZI TARIQT,IL ISLAM
MR.MD. ENAMUL TIAQUE CHOTJDHURY
MR AKMREZAIJRRAHMAN
Chairman & Dir..lorDirector
Drcclor
Direclor
Dircclor
Dircclor
DircdorDrcclor
Dir€clor
Dircclor
I
I
I
I
I
II
I
I
I
t00
t00
100
t00
100
100
t00
100
r00
100
l0 t000
T.L 2014
Opening Balanc. of Shfie Mon.y Dcposil
Add: Shatc Moncy Dcposit rrceiv€d gou during lhc vear
Tot l o,Shrrc Mo y D.politlcss: Ordinary sharc dudng thc ycar
Clolim Brlrrc. of Sh.rc Moncv D.po.ii
19,950,000,000
7,r00,000,000
27,050,000,000
t9.950.000.000
7. r00.000.000
62
[;T-tll&00 Surplus in Prolil
Balance al dre b.grnnhgofthe rEnodL,ss ' Shodall of amorlEnonAdd Pr.vN6 ver adj$tm6i ofcoodNrlt
Tdnsler ro Reserve for CSR
Transfer to sraturory- res.de
Totrl R.trined Snrpl!!lf,tangible Assers vsluaiion Adjusime A/C
Excess Orhers Pro\rsron (Amounr taslered)
Cuienc_\, lraf sdciron drtlirences
Transfer to Rcserle rbr UnIore*n Los.s
Balance ar dre end oftheperiod
T oral of(i+ii+iii)
Bills tbr collccron (LGal)Bilk lbr colled ion (Forcign)
(l:.97:.954_204) (18,728.096.770) (12,850,020,656) (r8.738.5t2.7?8)
o08 0, 8.8jj,8:4.19t - 8811824.191(t2,972,9s4r04) 19$94.277'179) (r23y'O20,656) (9,9t).,6Ea.487)
In tems ofrlt decs'oa late, in lh. o..t'ns 'n
lhe Mir6rry of Fin.,c. hcld on 24lot/2008, soatr B4t Lim,Gd recosniad coodwifl Taka65.?4].207.t58 in 2oo7 andat th€ same nN rhe fixed ssEt of lhe bdk ree rcvaluat.d ed evaluation g.in of Tata 8,811,824,29t has be.n ihoM m financEl shremenB s 6set rewtuarDnr.*rye a.cordrnglv As th. Goodwrll recognil@n and fixed aset3 revalut,@ EE ccumd
'n san. accounring ].,eal so lher. was a scope lo adjust th€ goodwr aga,nst
th€ reralualron lEin as pe. para 45. 48 and 50 of BFRS-3:Buine$ Combinations. Bul rhat nme .Eoneousty li was nor happened, rsth.r consdering lo pari as awittcn oll penod o{ goodwill Taka 19,448.124-324 rcrc monied in ircome stalft.nt of th€ bant ftom 2oo8 lo 20 | l. To .dpty rhe respecrrv€ p€E ot BFRS-],with the appro\ al ol Banglad.sh Bank Id. leti6 no Dos(BSs- l ) I I 63/9620 r 5/996 dared :4 February 20 I 5 , bank,s rrnanciat Srarcmots or io r I rravc bcen preparedaft.r adnthn! revahDtion r.scn. Taka 8-83!.824.291 subs.quently, .s pn BAs-8 Accountina polci.s chans.s
'n account'ng .shat€s and.roE. rhe r.rain.d
.amrnss. !!ood\rrll af d dl. as*t r.yaluhon rc*ne bal.nc. have b€fl r.srat.d
Contingert Liabilitie. & Conniin.nB
Irevocable Letres of Credir
5,978.it8.56t(60_000.000)
3J46,801,502 6,054,641,525
(60,00o,m0)3.54O,144,237
1?50J4J.9J? 2,93&54JB5J 4r26348J01 !.0?t.924.6S8(E)222prO266) (6,9ss,728526t (8,tn3,671,?55) (4E32,763,S0O)(6.5?4.j?0_7t6) (6,574.120.7t5) 16,574,320.116) 1q51432c.71'
- 55?,06t.858
I t.6t4 I t.r??
(!4.?97,199Jr0) (t2m
4.524-516,21 I
206,390.740, I 6019.014.48t 583
5,534,630,077
155,822,4 ,087| 4.445.669.241
4,524,5t6,211
206,390,740,r60
5,5J4,630,077
155,422,496,087
| 4.445 669 241229J29!738Ora 1753O2J95t405 229929r?38,0t4 l?5J02.795.40s
184,91Er95,850 129,933,909J53 t64,9t8,295350 Dr,933"r09.r53
r8.BlEJ95r50 129.@
882J4G90O 612,613,{X'0 r62,aa6;900 ;irIl:,000
EE2,.l.l6,9OO 6r26t3,0o0 442y'4&9OO 6t2,513,00o
I .,===.=.=l ,.,I:.o.q.zol . | -ii.o.i.iio I
20,589,997.4t0 25275,973,131 205E9,tial0 --Fri -
20,589.997,4t0 25,215,917.1i4 20,589,997,410 ?5,275,911..134
,57.06t,858
19.0t
l9 02
t903
Clr,ms lodeed {,th dre b.nk.ompany. vhtch ts not.ecosnEd as loan.
Mone!,'or \rrch rhe trank isconnngenrl! lable,n resp€.rofgusrsnlee
B.nks .nd orher imncial ,nsr,rutioni
19.02 lr@osblc l-elt€rs ofCredir
(ii) B.nrandOthe.Fin.n.i.lltrsritu.ion.
(iii)
R.L
20rd I 2ot3(R6."tcd) 2014 | 2oll(R6..r€d)
19.00
20,00 IrcomeSt.te'n€rt
lnrer{ d'rt.$r rnd rnrrlar rncom. 2001
F..s. connnrssron andbrok.rag€ 2001Ga'ns le$ Losre s ar*,ns iiom deal
'ng securtr c s
Garns ies Losr€s ai'snrg fromGarns le$ Lo$.s ,fl ng from <leahns rn for.rgn curcnq.slncome i-rom non-trankrns assers
Olher op€ranng rncome
Profir less l-o$ on nerest rate charges
lnl.r.si rie and.ommrssronLos.s on lMnsand adyances/ Assts { lrrdglbl. Asidr)Admnnnralrrc c\p.ns.s 20 03Olher op.ratrng expen*sD.pEc,.rnn on b. k,ng asers
Irtereet, diso{nl rrd simihr income
lnterest incoDeon lreasur! brlk. rc\eu. repo. bonds
Fe, conri,i33ion nnd broleng.
,{dmirislmlh'e exp.riesSalaler and allosancesRent- Tr\es- l$uran.e- Eledri.ity er.
Ponage. Slamps. Telecommunicanon.tcStation.^- Pflnrng. Advenr*me etcManagiflr Dtredors salary and f..s
On Lo6i andAdrances 21 0l
lni€re$ or t .lcnce wnh oihq baDks and financral trsruutions 21 02
Inicr€rt recen ed tiom foreign banlG
lntcEn ln..nre.l hrdr0n op€ratron
Lessrlnreresr hrcome rransl.rcd ro lnt resl Suspense A,iC
On Small Losn
On House Build,n-! L@n (Cer.El)On House Bu,ld ts Loan (Statl)
On Loan tjndcr SBICS ( Prclecl)
On Workrn_{ ( ap,r.l ro lndusnes-H!ToOn wo,ki'rs ( np,ralro lndusries -Pled-!e
On Loan Ufder SB Agro based Ind Cr.du Sch.m.On WortingCaprtal lo Agro bas.d lnd -H!FOn Wor\nsC.p,talb Agro ba*d lnd -Pl€dE
On Loan aganN lnponed M.rchedise(LlM)On Loan AgarnsrTrut Rece,prs (LTR)On Force Loin asamsl Bac* lo Bact UC
On Small Busnes Lo.n Schem€
On SpecralS r.llLoan ProsramOn Tear Loan lo BankandNBFI
Otr Probasr rii no S.n!$rhan Prokalpo
On Forergn Eduranon L@n
On SME F,.aicetwC ro Ind Serv Tad I
5 t,7.10682,877 42:163,140,W 51,740,642877 42,67E92O,171
2t032l 04
45.875.617 l:r8,:t8,516 - 329,62 t,006,,.,7I5'?J3'
'?JEE,I09
6.514.320.1 | 68,987,307.6t52.5t9.982,568
26.931_Ol:_005
t.llt_l9l_0{0
26,890,187,682
70E.544.567
85.867607.180.179
26,423,367,424
| .l t 9,3 I 0_278
t,725.2t7.763
26,E00,292.581
695,:14.786
85.867606.057.001
t0,0 t 7r472,959
958.066. r 88ll.77i.7l I
Jl.6.10.l I it.6'77.1t6.147
ll0.i50.l:51.05:_7{1.t46
r,ll0.i47t.l18.76:.564
:69,8t t.8',78.r 15,6 t r.746
r.056.418.:865i1,7t8,009
2,5i8,856,i38730.811.712:1i.ji7,704
4,490,698,21 5686.J58_764353,3?8.601
71,Ot1.2917l,?l].004t.:09..196
s,i68.llr
586.1t.1
68,789,868
4. t.r4_ t76
7l:595 958
53.191.16i5t_05t.4t:
I .604_586.006t0l,9ll,l6?
2.t t4.?8t.1678.559.791
2,965,660.075i76.758.669.151,95t_l8i894,083,:49665.r91.435
2,246,13t,351641,118,667t39.082.i66
5.?54,5t4.157464.051,917214,539.164
72.751.11186.105,86548.59i_544
t.678_180
t-814.769
2,r3?.099
I3.9n.867
958,066,18841,775,7114?,640.1ll
I ,611 ,336.14180,350.325
2,052,743,4464,230,347
3.t t8,762,564269,8t 1.878
415,6t 1,746I,056,428,286
533,738,0092,538,856,118
130,422,712
213,337,7044,490,698,2 l5
6E6,558,764151,32E,603
11,O11,291
71.? 13,004
1,209,496
9,168,2it
970,360
586,214
6E,789,E68
4.t44,116
7t 2 595 958
641,441.1095i,l9l,i6l51,051.4t2
I .604,586.006103,911,167
2,1 14,182,t 618,559.?93
2,965,660,075376,158.69451,952,i81894.083,249665,192.435
2,246,1)t ,35164r,8E.66?139,082.166
5,154,5t4,151468,057.9??214,51S,164
12,75J.11386,t05.86548,591.544
t,678.180
I,814,769
2,t37,099
13,912.467
R.f.
2ol.l I 2013 iRsi...dr 2Ol1 I 2or3rtshl.dl
20,01
21.01
--r-5.61i-.ardl :%rr.e5sT 205635p20T 29j9iss8-l
| 8.5r:.r::.j82 | 6.8l5.o7.r.rtj I s.:or.oro.slr I 6.63t.06a.181 Irrlt.l&777J5r,402 6.864,{68J90 E55rr45,557 6,664,4s8J41
781.79J.7r8 | ?A9.88q.t46 I 775.A04.540 | 192.415.151'r'r.:9r.J | 1q.,r88.4:4 | rr.265.16r I 19.488.4t47.1.:jj.jj0 I 7t.?:t.]c I 71.91t.8o4 | ?r.220.675
:tg.:ao ?89 | 198,000.7:l I 218,921.922 I t97.6t4,t858.:5r.70? I 7.:14.tio I a.254,101 | 7.234.t5e5.684.o8i I t.ilo.805 | 5.1o4.9i3 | 4.744.aos
64
Ret
20t4 2013 (R..t.t.d) 20la 20la (Rsr.led)
wEs
514.',l62.3i2
330_8?O.66s
7,942,866
8.7t0.101
208 102
109.654.181
379_r71.506
165_3r4.457
4.187.4r9
4.1:16.828
5.059.?96
s\4,762,J72
330,8?0,665
1,942,866
8,720. t01
208.t02
779,113,506
165,3r4_457
4,18?,419
4.146.S28
5.059.796
r240t6 9,94, 2OJa737lJ7l 21,13{,p95,760 20,697O76.t
On Loan asanEi lnland Brlls
OnTem Loan lo Freedom Fighter
OnSm.llTradrnx Loan
lnterest on ponlbho loan lo hv.srors
orr C,sh Credt Cen.ral-Hypo
On Cash Credtr Ge,eral-Pl.dge
On Pa.k 1s Cash Credit
Billr Dtuconrted & Ptrrcn.!.dOn Pamenr.$mst DocuhmtOn Fore'gi Brlh Pu(hasd/Discount.d-Cl.anOn Forersn Brlis Purchasd,rDocumenlary-Dsum.rEry
Inter4r on ll8lnrce held with oth.r b.ols .nd fin.nci.l iNair ion!
Int r.sl on FDR slth Other Bank
lrkresr on STD sith Orher B.nl
lnte.est recened from foreign b.nLOnBHU ljore':rn Aank
Others lrlcrert ircome
On Interest Recole.ed rrcm lnr.rcsl Suspensc A,/c
lnieresr lncome iiofr SECI
Irterest paid on dep8i&rnd bo.rrying3.t .
lnterest p.id on Bonowinsslnt.rest on Forlrsn BaDts Accourr
lnt€resr p.rd on Deposu lnd bom*ings oflndran op.rano,
Inler$i Drid on DqEsit!
Deposrl prnson schere
S B Spec'.| depost & peision schede
ExternalCRdrr (Exrn B.nt India)
FoBgn orrenc! deponrs
SonaliDeposir Sch€me
Educalion D€posrt sch.mcM.dicare Del)osI Schenre
Monthly Eanrni!SchemeSch@l Bnnknrg Scheme
D.uble Benefil Scheme
lvlill@nare Depost ScheneRetirem.nl Savirg SchereSB R€nremenr savins Sch.me
Non R€rdent Deposri Schem€
Asonal Knshnk So!nrsSchemeM.magc Sa\ rr Schemc
:.236_053_529
l,:78,051,805
t6t t67 001
2.369.635_156
1.307_49r,l]7
t65.926.880
2,236.053,529
r,278,052,805
I6t 167mt
2,369,635,156
| ,101 ,49 | .t 1',?
3675173,335 3,8,Xt,053r?3 3,675:7JJ35 3,84J,053373
1.695,639rrr lr7lrtq558 lr691639rlt I,371;10,55E
290-914-516
6,80i.408
ll.68l_5t4
756.798_395
l_890.t45
290,914,516
6,801.408
2t_68t.534
?56,798,i95
I,890, t45
J2t,{5951a EEE,052,i80 32r1459,518 EE4,052,48026BJJr022,rX's 26,E90,187682 26.li23)67,A24 26f,oO2y2SA2
t,119,110,278
2.9A0,',I62
702,1r 1,184
6.4ll.l8it,319,310,278 695,234.746
- 8536? - 65,E67
4..r85,?07
.:7:.915958,028
t,2t5_167,995474.291.126
4:426.254
2.852,4571.123,2',16
4t45,1O1I t,212,9i5
| ,235,t61 ,995474.291.t26
4.426,254
2,452.4-51
t.?26!175!791 q7,tao219 \n!'211:t63 6t16,057.003
22 0l22.O2
22.0i2204
2t,082,756,555
6,4,I.181.51Il.:47_469.E98
97_986.064
20.0t1.5i1
1,5.14.954.1t6
l]i.586l.ill.l9ll.r)48.026
696,554,550
701,351.699
I,605,076_147
tl7_:46.8152.561.4t7,178
4.086,919j,806.401 ,708
42,051,ti I
I44,691.015
238,843,'40
61,048_9t8
208.r69.3487.445_lt5
:.118,t6:t
t9,755,607.536
6.88?,087,855
I,992,r01,010
182.544.801
:0,209,47t
t_311,923,867
20,180.514
9.8ll,758t26,646
626,83t,941
60t.082,845|,i19,203.621
t97.866.149
1,0t6,681,788
27,519,061
2,679,996,255
42,615,175
44,840,303
2r,E69,@2
71,748,06 t
220,141,151
9.241,612
2t,082,756,555
6,44t,382,51I
3,241 ,469,89a97,986,064
20921,511
I ,544,816,664
t2i,5861,34r,393
1,048,026
696,554,550
701,X52,699
r,605,0?6,r47221,246,415
2,561,411 ,1744,0869r9
1,806,401,708
42,053,t31t,t4,691 ,01 5
238,841,140
62,048,9r8208,t69.348
7,445,135
2,138,t64
t46.809_662
I9,755,607,536
6,887,087,855
t,992,10t,010
182,544,803
20,209,47 |
1,3D,790,233
20.280.5t4
9.Ell,75E
126,646
626,811,94t
601,082,845
1,319,203.627
t9?,866.t492,0I6,68t,788
21,579,061
2,619.996,255
42,615,175
44,840.303
2 t,869,002
?r.?48.06r220,141,157
9,241,612
.r2.89JJ20.429 J8J05J28:65 42$$2A2,757 J&205.0946Jt
21t4
22.0r
EInt.ret p{id on BorrorinctOD Bangladesh Bank Demand Loan
REPO
Irterest p.id on Foreign Brnk3A.count
Inter$l paid on othergCharged on lvnrreh ori Loan
lncone rror lnvstmenrrInteresr on Treasury BillIntsest on Trcasury BondIntdest on Reverse R€poOn investm.ri lncomc ofhdio opdalion
Capnal $in( lo$ ) on $le of she {OM ponfolio)D'v'dcnd,n.ome & Oth.6
Com'ntusn,n. E\clHrg€ nrd Brokemge
Commsior .E\.hange & Brck.Bec oflndian Opeaxd
Comni$ion A/C Cr. Brl.ncOn FoBg, B'lls Purchascd,Negoliat dOn lnland DD-i!IT.TT hsued/CancelledOn lnland DD PtrrchasedOn Co( Recervcs & Dsbusm.nlOn Connnsson on lnland L/C O?enedOn Purchard & Sale of Shareris€.ui,xesOn |rland Bills& Ch.qu€ Coll€ct'onOn lnbnd Bank Curanree lssEdOn Paynenr OrderON Clrd & L,nd€rwritins CommissionOn lncidenral Charg.s & S.tttehot f..sOn Locke6 Fees . Profibble ManaedeDl f.es & Other fesOn P.rlnent oI Food Procureme BilkOn Army PensionOnCitilPensionOn Foreign DD MT.TT lssued Can elledOn Forergn DD Purchased/TT Coll.cnonOn For.ign 1,1( OpenedOn Foreis Bilh& Cheque CollenonOn Forc,-gn u.nk Cm,antee h$edOn OthesOn Wage Lrnrcrs Developme"r Bond
Les: Coomision A/C D.. Brlu.eOn D.bt RecoveN Ag..lPAid IO SECI
GainonF C arncvThnsacnonCain on F Curcncy R.valualDn
FoEign Curenc! Revaluanon
Oth.r Opemting lmomcPrcfii ollsl.nic \rndows
Olher opehnne nrome of I ndran Opent'on
Cr Bahn.e of Posl3tse & Other Ch.rgeR.lum lrcm Prov6ron for Bonus
r r2r70,9(Er 1dt323,20r 85J79,620 335,94{',467
46.142.434
i9_0i7_r87
49.518,621
I,t68.056278.?i1,784
46,142,433
19.037.t87
49.518,641
8.168.056
27a,231.144
I I,t78,279.920204,829.68t
7,641.122
7.84t.911
1,492,521 ,21 |
1 1 ,t14,279,920204,829.68 r
1,641.122
473361.50285.557.8?l
t_ 6.717.15:1.596.?r5_85i
29:_665_2t9r05.780.r2259.6t.r,t24
266_i46.21It4.963.914
202,18i,08616.022.083
168,808,56522,tO4.64150.6?6-2695.i25.819t_156.197
31.868.040I,: t t,i504.196.254
t.919.6:9.i61
5lt.7t8_5i430,407,647
l_9!?.494.6001.7t0,728.491
102,15t,14999,?90,98255,0ir.8?9
242,10t.38022,144,623
14t,019,25?30,242.f61
149,i89,8099.56r,350
15.426.1913.730.47i
l6:.6097.401.954t,181.849
i1.669.812t.64t.941.9t7
473,a67,50285,557,873
2.1 16.7',1?,352
2,596,745,85i292,665.219I05,780,t2259,614,324
2&,346,21\8.2r5,961
171,438,70615,7t0,023
168,808,56522,104,64150,626,269
5,325,839t,356,191
33,E68,040t,2ll,3504,196,754
1.780,022,1t?
5ti,718.5i430,407,641
l,9l?,494.600t,7t0.728.49i
t02,35r,14999,290,94255,031,879
242,103.38021,t84,62i
I17,689,687r5,63t,59t
I49,389.8099,561,350
35,426.t913,730,473
r62,6091,402,9541,383,849
33,669,8r2t.481.228,208
I l8_lt8 944.59: I t8,t38 944,192
22.04
24.02
48.).Jr4.leo | | 481.314.396158j.i24 | 796.741 | 58j,124 | 796.'143
r0.iir.84l I 43.5:7.114 | ro,l5l,84l | 41,521_|4l.:::.i87 | | 1,222,1A7 |
.l:0.:115.:66 | | 320.i35.166250.000_000 | | 25O,OOO.OOO
TTI Note' I
26.m Stl.ry & Allovrnc4'Salanes (Basrc Par'- House Renr & Orher Allosan..)Conrrbunon ro Pnson& G6tu't, FundBank\ conhbuton ro prov'dent tund
Incentrve Bonus'Ntonelary h€nefi/E\gErra to Sraff
Salaies a d .llrNan.es of lndran oFranon
.B.src S.lar\ ofCEO Tk JJ5,U,0 and Auosan.es Tl.75,fi,0 p.r nqthR.nr, Td, ln.n.one, El6tri.iay, etc.
Sen,ce Chrle ofpremues
Rent.l6\e: innmnce, eledricityetc of Indianop€r.rion
Lsw chargcs oflndran operano,
P6trae, Sr{np., TdNn unic ionPostage &T€legam. teler ard fax.t
Postase. s$mps. relecommunicalron of Indran op.ration
Printitrg, Sl{rioner.Ir Adrerlirem.nl,.t..
Sr.r'one,r p,rnrng and ad,e(6.mmt dc. oilnd,a, oFErd
Chi.fex.cnliv€'3 $l.r-v rnd f.erCh'€f€x€curnel salary 6nd fees
ChEfese.uhve\ salary and L.s oflnd'sn op€ral,on
DiKtors' Fer & Honorium*
Drr.clord lees & Honoriun)
Dtr clos' lees ollidian operdtion
.Each Dftclor rs paid Tt 5000 p€r meeting p€r att nd$c!
Audrl,!. ol hrdran operatron
Deprecirrion.nd ReDriB rr Brrk's Prop..rt
A) Pr.nhe! (lncluding Lrnd& Bdldi.t)
Bu,ldnrx
Motoi Car& Orher vehicle
Siligun Br.icn
R.pars to BanL's Assets
Repa$ to Bar\! a$ets oflnd,an opemnon
64,622,5i10.70r.062 | 6.4.62:.5ir I 19.761.062 I 64.622.)jlr 68.000 | r 68.000
105..r:0.116 | 282.?50.04r I 265.lroJa8 I 282.684.548r:i.587.r3o I r0r.r?8.4r1 I 121.980.008 | 100,?15.820
170.417..194.18.0$r,llt
159.786,:156
37,:50,85434t2
r70,115,892
48,005,066159,538.49t
f1,112,242
719499,749 t98,U'0J22 21497\92' t97,61a,!85
425+107 7,23.1,t59 4254,107 7Ji1,t59
5,569,6E3 53M,933 4,744,805
c p.r Bdglad.sh Br*\ BRPD C,.cular no 0l dat d I S lanury 201 0
2,9r0o!6 2r725J68 2847,515 2,669,1l8
t,7.lJJ59 1J2t,520 11743.959 tJ23,520486J.11.?01 449.126.574 a77r60-m5 aa3-67C.77A
.1,800,000
1.454.101
4,800.0@ 4,800,000 4.800,000
5_68.1.791
-r.8905.303.750
ti.0555,300,04i
4.890
4,131,150
r3.055
s,316E05
:.291.500 2,206_250
5t9.1l8
2,230,@O 2,150.000
519 I ta
{**',?* i or',"i^ \1 ,,
R\#7
R.f,
201.r I 2013 aR.sr.redr 2ol4 I 20t3 (&6r.r.d)
6.8t1_441_607756_it4.789126.197.615291.059.796
4_158_460
619.084 73041.361.8?4
331_6tl
6.0i9.5?r.85r908.9:i,?10r3i,286.5t6313.365.051
3.2t1.r0:588_510.474
40,00?_485150_000
6,662,40t,2jj756,134,789126,192,615292959,796
629084_7i041.116,955
5.862.759_954908,925.730131,286_526
3r3.365,053
588.520.47419.805.756
I l9a.l7l | 159.681 I l.N,27l I 159,o81 I.l.lJ9rJll t9r4a8J24 i3J6ii6i 1t438I21
32.@
rlttt30.rrJjr6 ,r9?r.??3 3 ?ul
36.00
l7.m
J8,00
3t0l
39.00
Rcpain to Rc .d Propcny
Consullsnt f€cs & Brnk ChlrgcBook ,nd Ncws Papcr
Pay ofPo[ce guards.
Moto{ Car Rumiry ald Mat cnance
E crtaimcntSundncs
Trav€ling Exp€ns.s & vAT Expcnscs
Lunch SubidyDoltatiodSubscriptionLiwrics to slalfSpons
Corporatc Social RcsporBibilili.scsRCa$ TraNponadonBusincss Dcvclopmcnt & computer Softwlrc
Delth rclicfcrarl firrdHonor.riun to slafCtnauor Mrinte0oncc
Stafl wclfrre & Misccl.nco{s Exp.ns.s
Opedion & Mai ct|anc. Co$ ofExecutivc C,, l,oarProvisioriogcxpcnscsof NOSTRoAJCRcarcation Experces
Olhcr cxpsrs.s of lndirn op€ration
Pmvirion A8,inrt Lorrr.nd Advuc.sProvision for Classi6cd lrans & A&anc.sProvision for Umlassificd Lons and AdvEnccsTotal amount ofp{ovilion n.dc during dl€ y€€r
Provilion for dimirulion in v.luc of inv.lam.rlDe.liag !.corilic3QuolcdUnquorcd
Inv€am.trl !.curilicaQuoted
Uoquoted
Olh.I provirior!Provisior for othcr ass.tsPmvisior aEEin$ Ofr Balanc€ Sh.€t cxposurc 18.01
Provision for City Corp. BondProvision for NOSTRO A/CProvision for loss oo Rctaluation ofForcign Cuncncy h.ldProvision for Bonus & ExgratiaProvisior for loas of Son.li Poleri.s FI Ltd.
Othcr provisioG of Indian opcr.lion
Lcss: Amou lr.nsf.r lo notc no. l8 for 2013 as per Bangladesh Brnkinstruction.
t9,624,60E 29,t41,671
t9,624,608 29,t41,673
(557,06J,E5E) (ss7,063,8s8)
lyo oftot l otrbalrnce sheel exposur€.
/t0.00
Provision .gainsl Off Balance Sh€€t cxposurc chargE
C.rh Rcccivcd from Othcr Op.rrtirt Activiti..ExohangE
Other openting inmmc
Prymcrl for (Xh.r Opcr.lirr Acriviri..Rcnt
Rcnt, Taxcs Insurance of Indian op€rEtionkw Ch.rgaPoslag€
SlrmpTclcphorcPosrage,Stsmp,T.lephone of I ian openrior
Stationcry, kinling Advenis€m.nt of Indian opcrEtiorDircdor Fc.sRcpairs to Bant's PropcnyDcprccialionRepairs to rg4Ed2pp€riyPay of PeX6( qiadr\
/+'f\l'.l, i nr'r;o )'llt,\-_-/^"€./\&9.!g
6y'189803,192,213
20,849,711
35?,165, 7
t04,t 15,04 t
48.49t.638652,2t4,649185,622,346
E67.691.9t6
31.684,033
It,0t5,0932,79996't
r00,00045,229,744
6?,433,0t I
37,41oy'53
ll,388,2004:408,979
51,222,225
10.91t,994
I t4,?87,650
t9,125,000
t4,142,4t7
t,347 2282,6r3,182
20,348,349
216,729,911
99,142,684
49,952,989
573.162,564
16t,059,8t0Et6,t59,58t28.t92,01020,062,216
E.t90,513
25,420,545
J3,880,628
41913,392t0375,0004,206,193
59,001,946
to,794,5t71,6,958,709
2,8t8,9t7
6,4r8,980
20.7t0.028357,t65, 7
l04,lt5,Ml47,966,56E
652,214.649
t84,903,3 u866,474,076
3t,520,488t8,0t5,0932,199,467
45,229,74t67,433,01t
36,5t6,8t3l|,388,2004:4O8,979
54,222,225
9.8t5.382I14,787650
19,325,000
t4,142!t l
1,341,228
20.2r5.r90276;t29.971
99,342,684
49,t4E,015
5'13,362,564
r60,448,825
8t4,E86,05tz7,975,060
20,062,276
8,t90,531
25,420,545
53,880,628
41,249,902
t0,075,000
4,206,193
59,003,946
9,672,261
ll6,958,7092,Et8,9t7
03,354,741)(13,354.743)l ( l2,t
(8,91?,639)l (6,226,1
Execulrve Car Loan
Trovelnrlr E:pe'ses
Lrv.ncs to Sr.i'
Cssh transportarionG.neraror N,lannen.nceCSR
ProvisDnnlg E\pens* io NOSTRO A/C
Business Derelopmenr
D€.rh Reiref Cr.nr scheme
Recreaiol E\penscs
Orh€r expenses orlidEn op€raxon
4l. l lncr.r3. / (Demie) of Oth.r ,{...r.lnvestm.nl
'n SECI
Long'em, Loan ro Subsidi.tu Comp6ny(SECI)
Long t.fr Loan lo SIL Dhak.
Slmpsin h.nd
SEloneI\ in hand
Branch Adtustnent
Susperse acunrDBft P.r_atrle accou (E\-Advrc.)
Co!,t Draft Pavable Accoul I Ex-Ad!'ce)
wasc Eame6' Fund Purch.rd Adj tuC
AgrFLoan Other Exp Exenption A/C-10O4
AgrlLoan lnteren E\empnon A/C'2004
BRDB TCCACTop Loans Penal Inr Exempnon
BRDB UCCA Crop L@ns Exempnon
Ircome Ta\ Dedlcred at sourc.
S.nlenrenr A.couit ( hlam,c)
D.mand DGris purcha*d
Pmsion Arll Pur.hased
Pnsion Bill Purchase{Amy)
P€nsion B,ll Purchased(C'vrl)
PSP/BSP En.aslnnent
Agn- E\onpnon \/C AlT.ct.d By R'v.r Erosron
UCCA Loan Reins'on for RNer Eroeon
NRTdC Dr A.lance
Secdh- ltlarlrn
Amt Pen$on Brll Purchas€d A/C N.\BRDB TCCA Crop Loans Penallni Ex.mphon
Ove6eas Branches
42.0{ 1n.r..3. /{Dere.s.) ofOlh.r Li.bilili6Closirg orher lirbilitiA:Prorision lbr Closir]ed Loans
Protisron l.oI Lrr Clasil'red lo.ns
I n terest Suspense
Bmnch AdjGtnreni
Provision tbr Orher A$€liProvision for Connrission Rec.n€bhSonalr Bank Employees Pensron fund
Sqah Bank Emplovees PDCR Ben.fit audAdtusrnu A,C C' Bal.nc.SuMir-, Deposirs{11O)
Pro\ srol ri\ Boius'E\-!mnaProrsron hr NOSTRO lrClnl.r.si R.s€n e aganrst Agn-Lo& Interest Esemption 20Ol
BalaDc. rn F.( Cleairng AccomlBalance Het snh Foreig, BanI.bro.d (Cr Balanc.)
(E886Jas,932) 10J81506,0,12 (8J46.445,932) 1036rJ02.042
{ l_ll l_4r8.581
(25.420,545
(2,8r8_917
(1,2ll.4t8,58t( 184.606,125 (r60,448.825
{4547.772,6E7f (3.756972JrJ) l$!.ll1g)______J!l_fl]d-jl
{180.500)
(275,500)
170_000,000
(2,162_055)
I1.910.090
r0.855.4:3
(E11,805,108)
{ I.OO8,:r85.157)
7r.98.r.809
1,528.009
(14.l]4.96!)(1.849.851.072)
(7 _879)
t04_875
98.07t..151
84.:.17_516
:78_ilE,5:7(17.584.t02t
(87.14r.i7lJ
t.6-i?.893.95:
(2r8.06r,893)
(41I.tll.t I
540.tll:71.519
(2.148.880.95:)
1145-396)
{2,759_698.i77)
i00_000.000
r10?05r 7?:r
2,921,750
236.6r5.8?6
4,004.1?0
(l2l_809.095)
9.8l]_02t,011
21t.892.676
tl4_174.t03
54,14t.610
(6.386.479)
3t6,6r9,302
7,617.8I
261.118
(?re,r56,;6s)
{r7.15r,379)
t3?.186.t56
?,t I 8.609.408
(6.92A-112_A29)
(755,58i.875)
60i.89 t .666
125.!97.i7?
(91,671.409)
( 114,668,295)
( I80,500)
1275,50O)
t70,000,000
12.362,055')
I1.9i0,090
r0.855.423
(822,805,r08)
(r.008,485,r58)
?7,984,809
2,528,009
(t4,124,963)
(1,849,851,072)
(7r r.879)
104,875
98,074,453
u,247.526
274,514,521
(r7,584,202)
$1,2413-11)
| .627,493,952
(2r8,063,893)
(4r l,ll2,r4r)540,223
271,519
(2,148,880,952)
(745.396)
(2.159,694311)
300,000,000
120105271t\
2,921,',150
236.6t5.876
400.270
(r23.809.095)
9,811,021,0I
2i4,492,6',16
324.2',14,l03
54.241610
(6,386,479)
316,6t9,102
7,6t?,81I
261.1',l8
(7r9,256.76E)
(r7,15r.i79)
t17,r86.r567,1I 8,609,408
G,924,772.829)(155,585,815)
60i,891,666
125,291,111
(93,671,409)
(134,668.295)
l]3 654;iir
( t7.949_5.10.55r )
(1.415,317.89,r)
(270_284)
135e,oft.;4t)(4.8i0.94t.954)
l58.ir4.ot7(t_55.r_ol]_066)
15.t55,000(45.:78.57r)
2t.991.i07324 99: 98?
(909.:?5,418)
1.8i1,228.897(6,r57,103,r02)
(484,848)
236,371.214
( I,iii_795,926)(9r.i16.098)
t.ll4.79r_8r7I t.080.t74_805)
( r4,4 r 6. r 7l ,;04)
(17,949.5,10.551)
(t ,425,J21 ,a94)
e1o.;84)
(159,01E,241)
(4,8i0,943,954)
358.5t4,017( r.554,0E.066)
t5,455,000
(5,274,512)
21,993,107
324992 941
(909,2?5.4tE)
3,Ait ,224.891(6,r5?,303,r02)
(484.848)
236,3-t2,2tO
(1,333,795,926)
{91,5i6,098)t,114,79r.8r7
(t,080,374,805)
(14,4r6,r7r,m4)
(67.431_01I
R€L
20l.l 2014(NOSTRO)
ural Developne Fud
No 765 BD
& T.chnology D.v ProJ
D
ranlntr&PIm Res.ne ,A,C.- 1994
)an Intt RcscNc rC -2001
ran lnn& P Inn. ReseNedC -2007
(vosTRo)
624.680
3.479,065.812
(5.544.608)
(t46.380.181)
(91_488.558)
(8.404.1?2)
(8.568_827)
9.ll6,a.rl
(98_074.451)
144.24? .526)
(39.632.608)
1,990.015.438
(419,641 .39J)
624580
(t62_669.461)
17r.r56.806
( t6_840)
2_i18.041
r0.18,200
(6,i19,068)
{26.105.;68)
(8,385,752)
624,680
1.479.065.8 t 2
(5,544,608)
{t,t6.380_381)
{9t,488.rt8)(8.404,322)
(8,568.827)
9,336,44r
(98.074,453)
|u,247.5?6)
(39.612,608)
2,990.035,4t8
(419,647,393)
624.680
( I 62.669.463 )
(1.551,759)
171.t56.806
(16,840)
2,118.042
10,213.200
(6,339,068)
(26,305.',768)
1165,291.t 7 | )
20 24t 536(l9J39JLl5r070) (19J76,613645, tl9rj9r45.llr0) t20r79J4r.63rl
e.i". Cr""il"g u. '.rSiBrganj Jntegrated Rural I
Forcrgn Cnrency Fund Pur
Loan fron IDACred(No
Foreign Coftspondent Ch.
Expoaer For€'gn Curency
Agro Based lndunnal & T(
R€bare ArC or'Tenn Lo.ns
Op€r.nonilArC RD--9
I DA Credrr :i917 B D
BRDB/UCCA Crop Loan I
BRDB/UCCA Crop Loan I
BRDB/UCCA Crop Loan ll
csR
Asian Cl€dnrg Unron (VOSTRO)
DilTerence of other reseNe
Corhxrd.nstequirrlertsCash rn hand (lmlL'dng forcign cuEncy)
Balanc€ Nnh aangladesh Banl(
Money .l call on shon notice
Bal.nce held \ h orherbant
Errrirga p€r Sl'rr.(EPS):
Werghred arrraAe nnmber of ordmary shar.s ourstaf,di.g
Eam'ngs per share ( EPS )
Weighled ,reragc trumbcr of ordir. ry shr16 oul!t.trditrg
112.500.000 Ordnrary shar.s outslandrng for 365 days
199.500.000Ord rary shares outstandrn! for Ii9days'
31.72 30.64 32.t2
I l:_500_000 I P.500_000 I 12,500,000
159139t3
I12,500,000
l6E,:t73r2.60 l12500,000 1881473,973
'Sonab Bank Lrmtred issued 199,500,000 as flgh ihare in favor ofcov.mm€ againsl recen rng Taka 19,950,000.000 from co!fficnt on t3 August 2Ol4
ll25{x,,000
6.466,617,65
291,r56.r0?
46.515,456,480
9,!25,581.000
39.838.384.0.11
9,201,59i,01:
247.1t3,711
40,289,900,610
4,46t,595.r50
17,760.11:.9E6
97,254.686.354
t03.684.910
6,866,6r7,665
46.515.456.480
9,225,582,000
19,838,384,042
79.155,903,279
r r5 50r 476
9,20t,593.0t2
40,289,900.6t0
4,46t,595,150
17,164332,9E6
97 ,254,686.354
t82t2t0.69L,0!1 t69J59506.8r9 t8t,9t7,4448,r2 169O7t,79J,042
5_978.118.561
laa 471971
1.446,80i.50? 6,054.64i,525
188473 9?l
j,580,184,2i7
r r2 500 000
44.01
70
45 Committee
A ud rt Comm ittee of Sonali Bank Limited has b€en constituted by the Board ol Direclors as per BRPD Clrcular No. I 2 dated 23
December 1002 comprisrng lhe follorvinB members
Duties snd RBponsibilitics of theAuditCommitta€:
i) To Elaluate intemal control, risk management. computerization and system of MIS ofthe bank
it) To revrew annual financial statemenls ofthe bank and exchange views with external auditors and Bank management in the
regard
iii) To consider ifthe rccommendations made by intemal & Extemal Auditors are in ord€r to develop intemal control strategy by
the Bank Management.
iv)'tb re\,ieN as to whether the rules and regulation made by controlling authorrties lke Bangladesh Bank and other regulatory
bodies ar. duly tbllowed.
v) To appratse the Bank's Board of Direclors regarding Lapses and errors/ Frauds & Forgenes/ other irrcgulariti€s detected by
internal auditors. extemal auditors & Bangladesh Bank inspection team and conective measures taken for the purpose ofeflective
control
During ilte year 20l4 the Audit Committee has conducted l6 (Sixteen) meetings in which. among others, the following issues were
i) Colnprehensr\e rnspection repons ofBangladesh Bank including stalus ofCompliance thereoi:
ii) lnspection reports of branches/Head OlIce conducted by Bank's lntemal inspection team
iii) Financial Statements of the Bank
iv) Halfyeady accounls of20l4 ofthe bank
v) Status ofcompliance ofdiflbrent rules and regulations
Annual tjnancml sratements have been discussed with th€ Extemal Auditors in the Aud[ Commiltee m€eting held on 29 March
20t5
Relited Party Disclosures
N, me ot the Bos rd of Dir.ctors lttd tha cntrties in which the, hsd intcr.st rs rt 3l Decem bcr 2014
@
sl. NrmeSt tus in thc
BrnkStrtus with th€ committce Educ.tronol qurlifi c.tion
l) Mr Rani it Kurnar Chakrabony Director Chairman M.Com (Accounting)
l) Mr Shekhar Dutta Dir€ctor M.Sc. (Physics)
4) Mr Md Shaheb Alr Mridha Director Memb€rB.Sc (Hons) , M.Sc(Ph)sics)
5) Mr Kazi Tariqul Islam Director Member M.Sc. (Physics)
sL.Name
Strtus withtha Bank
Nrme of thc firms/Compani€s in
which iltarested ts proprietor,prrtner, dir.ctor, mrnrging rgent,
guersntor, amployee etc.
PditionNo. of
Shar.s
I DR A H, M. HABIBUR MHMAN Chairman &Director
H. R. T€xtile Mills Limited Director
2MR, RANJIT KUMARCHAKRABORTY
Director Nit
i\,IR MD, NAZIBAR RAHMAN Director
a) Ushan Enterprise -Managing PartnerManaging
Partn€rI
b) Advanced Car€-Managing DirectorManagingDirector
4 MR, SHEKHAR DUTTA Director Moni Singh Fharhad Smrili Trust I
5 MRS SELIMA AHMAD Director a) Nrta Co Ltd.
b) Nitol Motors Lldc) Nalita & Co. Ltd.
d) Nilol Motors Ltd.
e) Autoland (Pr1.) Ltd.
0 Nitol Construction (Pvt.) Ltd.
g) NitolCemenl Inds Lldh) Nrtol Sugar Mills Ltdi) Nitol Tyre lndustry (PYt.) Ltd
J) Bangla Phone Ltd
k) Nilov Cement Clinkensatron lnds
l) Nrsa Steel (Pvt.) Ltdm) Nitot lnsumnce Co. Ltd. Listed Co.
n) FAS Finance & Investment Ltd.
o) Nrloy Cemenr Inds. Ltd. Listed Co.
Shareholder I
6 MR MD MAHBOOB HOSSAIN Direcior Ni I
7 MR MD,SHAHEB ALI MRIDHA Director Nit I
8 MR, KAZI TARIQUL ISLAM Dlrector Nrl
9MR,MD, ENAMUL HAQUECHOWDHURY
Director Nrl I
t0 MR AKMREZAURRAHMAN Director Nit I
Relst€d pirt]r(iGs) trrnssction
The bank generally csrried out lransactions in the ordinary course of its buslness at ann's length at commercial rate as per
agreements $,ith ditTerent related parties. The bank also renders services to the Government in various forms, which are not
quantitied However. as ofthe date olthe financial statements the Bank had no transactions with th€ Direclor ofthe Bank as a
related partv. During th€ year, the bank had some quantifi€d transactions with the Government (Sponsor/Share holdeo as defined
on BRPD Crrcular nol4 issued by the Bangladesh Bank on 25 March 2003 are listed b€lo\\:
Nsme of the Rclrt€d Prrl-v Rclet.d by St8lus with th. RGlrtGd Prrty
TrrtrlsctionOutstrnding
Bshnce(Millior)
Ramarl{s
Oovernment (Note-19.1 )Sponsor/Sharc
holderConcemed D€partment of the
Government2,534.10
L€tter ofGuarantee
Government (Note-l 9.2.)Sponsor/Share
holderConcemed Depa(ment of the
Govemment184,918.30
ktter ofCredit
Jatio Shanchaya Bureau (Note-g.8)Sponsor/Share
holderConcerned Depanment of the
r,100 63PSB/BSP
Encashment
Covernment (Note-g.8.) Sponsor/Share Conc€rn€d Depanment o[the '7,346.3t Pension
Covernment (Noter 9 8)sponsor/shar€
holderConcerned Department of the
GoYemment275.9'1
Pension
bills(Army)
Power Development BoardSponsor/Share
holder
Concemed Department of the
Govemment33,516.00
Non Funded
Loan
Bangladesh PelroleumCorpSponsor/Share
holderConcemed Department of the
Government24,850.10
Funded &Non Funded
Loan
Ban-sladesh Agncultural Development CorpSponsor^hare
holderConcemed Departmenl of the
Governmentr,398.95 Loan
Bang,adesh Sugar & Food Ind. CorPSponsor/Share
holderConcemed Depanment of the
Government23,E21.80 [aan
Electnc Generanon Company Ltd.Sponsor/Share
holder
Concemed Depanment of the
GovernmentI I,566.20
Non Fund€d
Loan
Directorate of Food. Food MinistrarySponsor/Share
holderConcemed Depsrtment of the
Govemm€nt4,845.80
Funded &Non Fund€d
Loan
6r"'<tiio i Dh"kx l'!l'fuf7
Name of the Relstcd Perty R.lrtcd by Strtus with thE Rel.ted Party
TrtnsactionOutstending
Bslsnce(Million)
Remrrk
Bangladesh Na\ySponsor/Share
holderConcerned Departmen! of the
Gov€rnmentt2,87 t.20
Non FundedLoan
Bangladesh Chemical Industries CropSponsor/share
holderConcemed Departmenl of the
Government24.493.10
Funded &Non Funded
lnan
Bangladesh RarluaySponsor/Share
holderConcemed Depa(ment of the
Governmeni't.191 l0 Non Funded
Loan
Bangladesh Water D€v. BoardSponsor/Share
holderConcemed Department of the
Govemment9.07E.80
Funded &Non Furded
[,oan
Banaladesh Atomrc Energy- CommissionSponsor/share
holderConcemed Depanment of the
Government33,943.00
Non Fund€d
Loan
All Directorates & DepartmentSponsor/Share
holderConcemed Department of the
Government6,089 90
Non Funded
Loan
Sonali Exchange Co. N.Y. (note 9.1) The Bank Subsidiary Company 14.72
Sonali Exchange Co. N.Y (note 9.1) The Bank Subsidiary Company I13.50 lnan
Sonah lnvestment LTD. (note 9.1) The Bank Subsidiary Company 2,000.00 Investment
Sonali lnvestm€nt LTD. (note 9.1) The Bank Subsidiary Comp8ny Loan
Sonalr Polaries FT Ltd The Bank 29 Investm€nt
Sonali llank (U.K ) Ltd (note 6 2) The Bank Associate t,549.02 Investment
Event after the Brlance Sheat drte
No circumstances have arisen since the Balance Sheet date, which would require any adjustments or disclosure to be made in the
FinancralStatements
4E
l.
f---fnnrxui-A-l
Balance with Bangladcsh Bank and its agent brnk(s)
a) Balance held with Banglsdesh Bank (Local Currency), Bangladesh Bank Statement 2014
b) Balance held with Bangladesh Bank (Local Currency) ,Sonali Bank Statem€nt 20t4
b. Balance with Bangladesh Bank in Foreign Currency
No. Particulars AmountsI Head Office 32,306.185.9762 Local OIIice 9,167 ,359 ,7 09
Barisal Corporate Branch 65,460,2474 Bogra Corporate Branch 62,335,2315 Laldighi Corporate Branch 166,634,7446 Khulna Corporate Branch 92,493,2707 Rangpur Corporate Branch 134,s93,1498 Raishahi Corporate Branch 149;17 s,6139 Sylhet Comorate Branch 26,547,271
Total 42,171,3E5,210
' No. Particulars AmountsI Head Office 33,3',I8,370,8702 local Office 10,962,514,739J Barisal Corporate Branch 65,086,6274 Bogra Corporate Branch 61,978,3275 Laldighi Corporate Branch 371,584,57 56 Khulna Corporate Branch 72,735,9417 Rangpur Corporate Branch 129,192,8278 Rajshahi Corporate Branch 136,248,1399 Sylhet Corporate Branch 45,962,836
Total 45,I63,674,881
Currencies Amount in 2014Exchange Rate
(Averase at BDT)Amount Taka
2014Total
USD 16,959,742.04 77.95 I ,322,01 I ,892 | ,322,01I ,892GBP 143,166.72 120.92 I'1,312,264 t7,312,264EURO 121,660.92 94.72 t t ,523,3s7 11,523,357
YEN I ,446,177 .00 0.65 934,086 934,086
1,351,781,599
74
2.00 Held to Maturity (HTM)
Treasury Bill
9l days Treasury Bill182 days Treasury Bill364 days Treasury BillTotal
Bord / Other securities
2 years BGTB5 years BGTBl0 years BGTBlsyears BGTB20 years BCTBBPC
25 years
BJMCTotal
Held for Trading (HFI)
Treasury Bill
9l days Treasury Bill182 days Treasury Bill364 days Treasury BillTotal
Bond
2 years BGTB5 years BGTBl0 years BGTBl5 years BGTB20 years BGTBTotal
2014 2013
24,545,874,874 I
3,727,861,07010.577.970.104
38,851,706,048
18,0t3,047,808 | 24.933,792.039
f.780,967,916 | 39,377,082,s66
710.181 ll40,504,197,233 91254,686,s11
8,241,9t t,34s | 1,877,15s,9s7
35,21r,980,099 | t4,045.282,272
t6,707,505,624 | 12,809,460,701
t,417,s29,0601 740,386,727
9t3 .7 42.958 I 3 r
62,492,669,086 29,786,542,619
'1o,597 ,923 ,60118,455 ,37 5 ,73429,037,902,292
9,259,944,430
8,467,739,39855,164,700,000
596,933,000
8,617,700,000
25 ,135,st 1 ,7 68
7,541,300,000
6,197,400,000
58, r 64,700,000
759,737,000
138,005,518,455 112,E41,34E,768
75
E,*ffi;---lSonali Bank LimitedConsolidated Schedule of Fixed Assets as at 3 I Dec€mber 2014
Prrliculars
Costmevaluition Depr€cletion
Net bookvlluc es
on 31.12.14Balence as on01.01.14
Addition duringthc ycrr
Deposals/
adjustments
during thc yc{r
Balrncc is on
3t.r2.14Rate
Belalce as on01.01.14
Deposal,rdjustmcntsduring the
year
Charge duringthe year
Brlrnce ,3 onJ1.12.2014
Trkr Trk Takt '/o Tikr T.kl T.k TNkr
A) Prcmis$ (Including L&nd & Building):
Premises 30,916,948,838 80,407,794 425,734 30,996.930,898 2.50 213,466,47 t 30,993,126 244,459,t9l 30.7 52,47 1 ,101
BLlilding Construction 499,880,779 241.184.103 69,307.656 671,757,226 67 t ,757,226
Sub tot{l 31,416,t29.611 321,591,897 69,733,390 31,66&668,124 213,466,411 30,993,326 214\159,197 31,421,224327
B) De.d Stock:
Furniture 713,296,553 55,702,358 6,370,981 822.627.930 t0.00 324,350,708 5.551,452 't2,272,201 391,065,457 43t,562.4t3
EIectflc Installation 720,435,7 t2 73,634,527 15,396,723 178,673,516 20.00 427,630,614 r4,895,t 55 I t3,624,717 526,360,t16 252,313,340
Computer I,2t I,937,088 262,023.369 22,t95,667 1,451.164,790 20.00 770,0t4,605 r2.785,041 214,154,311 971,383,88t 480.380,909
Typ€ Wriler l4achine 5,902,313 r8,808 5,883,505 20.00 3,672,260 9,446 1.446,834 5,t09,648 773,857
Motor Car & other Vehicle 252,445,6a2 l I0.857,981 t,8t 8,773 361,484,890 20.00 t22,so4,666 60,280 5 t,83 r,808 1t4,216,194 I87,208,696
Library 4,505.276 480,960 4,986,236 7.00 I,t 56,793 276,539 1,433,332 1,ss2,904
Sub totrl 2,964$22,624 s02,699,195 45,800,952 3,425,420,861 I,649,329,646 33,3ffiJ74 453,606,415 2.069.62E.688 1,355,792,179
Totrl (A+B) 34,t8s,352,241 424,291,092 I I 5,534,342 J5,094,108,99r 1,162,196,1t1 33,307,374 484,599,142 2,314,088,485 32,780,020,50,6
C) Derd Stock ofoverseas Brsnches:
Kolkala Branch 6.705,653 956.720 7.662.373 t,6t5,020 1,615,020 6.047,353
SiliguriBranch 445,245 167,359 17.453 s95.l5t t28,939 128,939 466,2t2
Sub tolrl 7,I5t),E9E 1,124,079 17,453 8,257,524 1,743,959 1,143,959 6,5 t3,565
Grrnd Totsl 2014 (A+B+C) 34,J92,S03,139 825,41S,l7t 115,551,795 35.102.366.515 t,&1;2,796,117 33,307,374 486J43,701 2315,432,444 32,786,534,070
3l December 2013 24,579,s63,O21 9,845,084,884 E3,867,9it 34.340.779.958 I,433,079,350 63,755,963 449,126574 1,818,363,622 32,529,199,Ot9
Sonali Bank LimitedSchedule of Fixed Assets as at 3 I December 2014
f-A""."r* 4-l
PArticulllrs
Cost/Revelualion D€preci.tlon
Net book velue as
on 3l,l2,t,lBrhncc as on01.01.14
Addition duringthc Jerr
Deposals/
adiustmcnts
during thc re|r
Balance As on3l.l2.l{
R{teof
D€prec
Bfllance as on0l.0l. tt
Depo$ls/,diustm€ntsduring the
Chrrge duringlhe yerr
Balance rs on
11,12.2011
Trka 'Iak, 'l'ek % Trk TrkA TAk 'takr
A) Premises (lncluding Land & Building):
Premises 30.9t6,948,838 a0,407.794 425.734 30,996.930.898 3 213.466,47t 30,993326 244.459,797 10.752.471.101
Building Construction 499,880.?79 241,184,t03 69,30t,656 67I ;t57.226 671,157,226
Sub rolal 3 t.416,829,6r7 32 t.591.897 69,733,390 3t.668.688. t24 213.466.47 | 30.993,326 244,459,797 3t .424 .228.327
B) Dead Stock:
Fumiture 760.097.6t0 55,454,983 6.370.98r 809,l8 t.6l2 t0 3t4,133,846 5,557,452 71,834,625 380,4t 1,0r9 428,110.593
Electric Installatron 656,200,875 73,634,521 15,396,723 714,438.619 20 381,348,287 14,895.155 t08.026,121 474,479,253 239,959.426
Computer 1.204,699,611 262,023,369 22,195,661 |,444.527,319 20 '166,484,536 12,78s.041 2t2.706,823 966,406.318 478.121.00t
Type Wrirer Machine 5,902,313 18,808 5,883.505 20 3,672,260 9,446 1,446,834 5,109,648 773,857
It4otor Car & Other Vehicle 247,445,682 I I0,857,981 l,818,773 356.484.890 20 120,064,666 60,280 50.831,808 170,836,194 r85,648,696
Library 4,505.216 480,960 4.986.236 7 1.156,793 276,539 1.433,332 3,552,904
sub tolal 2.878,85t.373 502.451,820 45.800.952 3,335.502,241 r.586.860,188 33,307.374 445.122.750 r,998.675,764 1.336.826.471
Tolsl(A+B) 34.295.680.990 824.OAi.7 t7 l rs.s34.342 35.004.r90.165 r.800.326.859 31.307.374 476.1t6.076 2.243.135.561 32.76t.054.804
C) Dead Stock ofoverseas Branches
Kolkata Branch 6,705.653 956;t20 7,662.313 1,6t5,020 t.6t5,020 6.t)47,353
SiliguriBranch 445.245 I67.359 17,453 595.r51 128.939 128,939 466.212
Sub total 7.150.898 1.124.O79 17.453 8,257.524 1,743.959 1.743,959 6.513.565
Grsnd Totrl 2014 (A+B+C) 34.302.831.888 a25,161,796 I15,55t,79s 35,012,447.889 1,800,J26,859 J3,J07,374 477,t60,035 2,244,a79,520 32,767,568,369
3l D$ember 2013 24,s$,O47,52O q84S,041,8E4 83,E67,953 34,3M,261 ,450 1,421,126,564 61,755,963 443,619,174 1,80r,6s0J79 | 32,s02,61 1,071
p\il\il-( r/oaia 1.;]w/
Sonrli Bank LimitedSchedule ofTax Position as at 3l December 2014
fa-r-r--*"-D I
Tax ass€ssment of Sonali Bank Ltd. has been completed upto assessrEnt year 2002-2003 (lncome year upto 2001) resulting tax refund of Tk.
426,30,48,032 in favour of the Bank. As regards lat€st status ofthe tax {rssessments for the income years 2002,2003 and 2014 these are not yet
finalis€d by the tax department. The Bank has submitted LT. Retums showing loss of Tk.(2,122,965,887), Tk.(7,780,112,71l) & Tk.
(338340?1402) for rhe assessment y€ars 2003-2004. 2004-2005,2014 - 2015 respeclively. The loss shown b!, bank is inclusive ofclaim ofBad
D€bts written offand others ln the income years 1998, 2000. 2001,2004. 2005. 2006 .2007 .2008,2009 &2010 th. tax departflent did not acc€pt the
claim of Bad Debt \\'ritten off. Provision for Ex-gIatia. Provision for NOSTRO A/C.. Provision for oth€r Assets. Interest on securities etc. against
which the bank has tlled appeal to the Honorable High Court.
Incom€Y€{r
Assessmenl
Year
TaxProvision
8S perAss$!mel|t
mxdc byPre$nt Stxtus
Asscss€d TxxLirbilities
P.yment ofAdvance Trr
Refund.ble/(Pryrble)
Remarks
1998 r999-2000 Nit DCT
Reference
Application to the
High CourtNil 442,1t9.323 442,t t9,323 Refirndable
1999 2000-0r Nit DCT Settled Nit 600,8rE.273 600,8r 8,273 Refundable
2000 200t-02 Nil DCTReference
Application lo theHish Coun
Nit 870.4t8.795 870,418,795 Refundable
2001 2002-03 Nit DCTReferenc€
Application to theHish Court
Nit t,135,489.757 t, t35,489,757 Refundable
2002 2003-04 Nit DCT Re-opened not y€t finalized 7 t2.587.22t not vet finalized
2003 2004-05 Nit DCT Re-oDened not vet finalized 588.000.560 not Yet finalized
2004 2005-06 Nir DCTReference
Application to the
Hish CounNit 5 r8,028,392 27,46,73,83t Refundable
2005 2006-07 Nit DCTReference
Application to the
High Court
378-072.785 438,t69.963 60,097, t78 Refundable
2006 2007-08 Nil DCTReference
Application to the
Hish Court110.34 .73.454 53E-154-625 \124,6s,49.104) Payable
2007 2008-09 Nit DCTR€fer€nc€
Application to theHish Court
201_08-03-744 t.218, r 37.968 (7 5,27 ,63,s73\ Payable
2008 2009- 10 Nit DCTReference
Application to the
High Coun.2t6.7 4.91 .869 889.42 r.612 tt32,53,29,527') Payable
2009 2010- | I Nit DCT Taxes Appellate 370,44.72.179 63,51.59. 3 (254.00,43,944\ Payable
2010 20lL-t2 Nil DCT ADDIe to C.T. 4t 1.68.48.042 t.l18.523.981 1339.21 .46.41 1\ Payabl€
2011 2012-t3 Nil DCT Not yet assessed 5836848604 | ,368,951 ,252 5.083.262.792 Pavable
20t2 2013-20t4 Nit DCT Not v€t Bss€ssed 3306474128 1459284890 2,070,846,597 Payable
2013 2014-20t5 Nit DCT Not yet assess€d Not yet assessed I ,524,97 5 ,830 Not Yet assess€d Not yet ass€ss€d
/$**n.*ior,rra )*i'r\ -/-*?
Statement of Non Income Generating Other Assets
A) DOMESTIC BRANCHES
2014Taka
Annexure E
2013T
Stamps in hand
Stationery in hand
Advance Rent
Interest Recaivable
Commission Receivable
Exchange Receivable
Rent
Taxes
Law charges
Postage and Telegram
Sundries
Branch Adjustment
Suspense A/C
lncome Tax Deducted at source
Drafts Payable account (Ex-Advice)
Go\.t. Drafts Payable Account (Ex-Advice)
Intangible Assets- Valuation Adjustment
Deferred Tax assets
Demand Drafts purchased
Protested BillsBRDB UCCA Crop Loans Exemption-l994
BRDB UCCA Crop Loans Exemption -2001
BRDBUCCA Crop Loans Int. & Panel int. Exemption-2oo7
Branch Reconstruction A/C
Exchange Equalization
Pension Bill Purchased
Pension Bill Purchased(Army)
Pension Bill Purchased(Civil)
Armv Pension Bill Purchases A./C New
PSP/BSP Encashment
Loan Exemption Under J.S Reform Proj.94-95
Agri-Loan Other Exp.Exemption NC-2004
Agri-Loan Interest Exemption A/C-2004
Agri- Exemption A/C Affected By River Erosion
Security Margin
Frozen Fish Loan Exemption
UCCA Loan Remission for River Erosion
't 4,415,917
20E,086,E76
228,s82,088
7 ,630 ,407 ,61 1
2,s91,637,330
3s,600,500
733,11t
2n6184
353,57 4
621,893,835
36,998,069,353
1,620,332,t30
12,134,381,557
149,232,773
16,422,839
t9 ,720,7 62,1 t82r,330,881,2s5
764,346,277
300,922,452
339,049,723
97 5,716,300
672,760,696
50,19s
7,346,3rc,;34|,428,949,308
2,7 59,698,377
t,100,625,393
s,094,543,083
96'7,012
4,267,420
98,424,139'145,396
r0r,773,s10
5,772,636
12,0s3,862
220,016,966
239,437 ,51 'l
10,341,8t9,483
1,639,609,64s
2,347,406
1,449,102
126,262
|,064,424
62,689,903
36,t7 5,264,24s
611,846,973
12,412,900,084
227,217,582
t 8,950,848
26,29s,082,834
20,918,309,1 86
67?,104,906
286,797,489
639,049,723
t ,073,790,7 53
757,008,222
50,19s
8,974,204,186
I,2r 0,885,4r s
689,293,252
5,094,543,083
255,t33
4,372,29s
98,964,362
10t,773,510
6,044,155
Total 124,296,921,402 12E,794,322,995
79
Sonati Bank Limited, Ilead Oflice, DhakaTreasury Management Division, LCMDInvestment in Shares (Quoted) as on 3 I December 201 4
Anncxure-F
PARTICULARSOF INVESTMENT
NO. OFSHARE
cosrVALUE
PER SHARE
TOTALCOST
VALUE
MARKETPRICE PER
SHARE
TOTALMARKETVALUE
I 3 4=(2*3\ 5 q2*s)Bank & NBFIIJANATAMF 1,040,650 10.55 10,978,858 5.10 s,307,315
ISTPRIMFMTJ 207,000 38.83 8,037,810 16.40 3,394,800
ABBANK 1,881,345 61.49 I 15,683,904 29.90 56,252,216
ALARABANK 2,05r,859 25.68 52,691,739 14.90 30,572,699
BANKASIA 2,207,998 26.06 57,540,428 16.70 36,873,567
BAYLEASING 547,584 101.26 55,448,356 29.90 16,372,762
ICBSONALII 25,000,000 10.00 250,000,000 6.40 160,000,000
BRACBANK 4.063,832 30.23 t22,849,641 37.20 151,174,550
CITYBANK 3.234.660 31.48 tot,827,097 2r.80 70,515,588
DBHISTMF 782,000 15.29 I r,956,780 4.60 3,597,200
DHAKABANK 1,895,380 31.78 60,235,176 r8.30 34,685,454
DUTCHBANGL 179,t60 162.25 29,068,710 r 05.80 18,955,128
EBL 13,147.466 8.85 116,355,074 27.20 357,61t,O75
EBLISTMF 1.259,67't 21.50 27,083,056 5.30 6,676,288
EXIMBANK 't,38',t,26t 30.99 42,99t,2t8 I r.l0 15,398,597
FIRSTSBANK 1.127,254 31.47 35,474,683 10.90 12,287,069
ICB(PRIMARY) 2.953.588 59.26 175,029,625 1377.10 4,067,386,035
ICB3RDNRB 480,000 14.05 6,744,000 4.30 2,064,000
ICBEPMFI SI 8r 3.000 16.51 t3,422,630 4.50 3,658,500
ICBIBANK 5.41E,100 10.00 54,181,000 5.50 29,?99,ss0
IFIC 780,551 53.86 42,040,477 26.10 20,372,381
IFICISTMF 858,232 t2.89 I 1,062,610 5.20 4,462,806
IFILISLMFI 166,500 10.65 1,'t'13,225 5.70 949,050
IPDC 824.274 24.30 20,029,858 18.20 t5,00t,787
JAMUNABANK t,036,6'12 30.78 31,908,764 t2.30 tz;t 5t,066
MERCANBANK 4.O50.7',19 24.29 98.393.422 t3.70 55,495,6'12
MTBL 2.213,1'14 41.04 90,828,66t 19.80 43,820,84s
NBL 3,296,241 36.55 120,477,609 I 1.40 37,577,t47
NCCBANK 2,541.8t2 34.88 88,658,403 11.20 28,468,294
ONEBANKI,TD 3,939,727 29.54 116,379,536 t5.80 62,24't,687
PFISTMF 271.500 t5.0t 4,075,215 4.60 I,248,900
PREMIERBAN l,l 17,4t3 31.22 34,885.634 10.00 r r,174,130
PRIMEIICBA 242,O00 13.70 3,315,400 4.40 1,064,800
PRIMEBANK 9t6,995 4t.54 38,091,9'12 19.60 t't,9'13,102
PUBALIBANK 9,289,227 12.95 t20,295,490 25.50 236,8'7 5,289
RUPALIBANK 166,980 5.99 r,000,210 59.20 9,885,216
SHAHJABANK 3,801,667 28.32 107,663,209 I t.50 43,7t9,t71
SIBL 3,302,882 23.49 't'1,584,698 13.60 44,919,195
SOUTHEASTB 3,862,t67 31.56 l2 t,889,991 19.40 74,926,040
STANDBANKL 1,848,1l3 30.01 55,461,871 12.70 23,471,035
80
PARTICULARSOF INVESTMENT
NO. OFSHARE
cosTVALUE
PER SHARE
TOTALCOST
VALUE
MARKETPRICE PER
SHARE
TOTALMARKETVALUE
I , 1 4=(2*3) 6=(2rs)TRUSTB I MF 749,146 13.58 10.173,403 5.40 4,045,388
TRUSTBANK 7,lot,77 5 30.1I 2t3,834,445 r9.50 138.484,613
UCBL 1,349,331 38.36 5t,760,337 29.30 39,535,398
ULC 242,849 71.t6 17,281 ,13 5 29.70 7,212,615
UTTARABANK 941,32t 72.41 68,161,054 25.90 24,380,214
UTTARAFIN 514,483 138.56 71,286,764 '7 4.90 38,534,',|77
Sub Total 125,103,625 0.00 2.965,913.178 6,081 ,I 79,010
lnsuranceBGIC 513,476 69.70 35,789,2'17 2t -40 10,988,386
GREENDELMF 524,500 12.34 6,472,330 4.60 2,4't2,700
KARNAPHULI 534,1U 92.33 49,319,362 11.40 9,294,454
PEOPLESINS 99,655 93.41 9,308,774 20.90 2,082,790
POPULARIMF 1,130,697 8.84 9,995,36t 5.00 5,653,485
Sub Total 2,802,492 l10,8E5,104 30,431,815
Fucl and Power
DESCO |,444,780 94.48 136,502,814 69.50 1o0,412,21o
JAMUNAOIL 134,750 229.84 30,970,940 205.90 27,745,O25
KPCL \)) 171 84.54 44,t61,4t3 57.00 29,77 5,261
NATOXG 1,305 100.00 130,500 100.00 r30,500
NAVANACNG 486,558 126.44 6t,520,394 65.40 3r,820,893
PADMAOIL 58,960 3',11.78 2t,920,149 251.60 14,834,336
POWERGRID 776,245 64.64 50,176.477 40.40 31,360,298
SUMITPOWER 79r,086 64.18 50,771,899 38.30 30,298,594
Sub Total 4216,0s7 396,t54,586 266577,1t7
Manufacture & otherACI r0,000 265.10 2,651,000 389.90 3,899,000
AFTABAUTO 2.067,436 '12.55 149,992,482 6'1.20 138,931,699
AIMSISTMF r 8,000 72.95 1,313,r 00 28.70 516,600
APEXTAN 30,000 10.00 300,000 137.20 4,116,000
APEXWEAV 5r,200 10.00 512,000 10.00 512,000
ASHRAFTEX 364-582 10.00 3,645,820 10.00 3,645,820
ATLASBANG 85,313 304.33 25,963,305 t38.70 l1,832,9r3
AZADIPRINT 756 100.00 75,600 100.00 7s,600
BCIL 2,960 r00.00 296,000 100.00 296,000
BDCOM 6 t5,701 54.37 33,47 5,663 24.00 14,776,824
BEXIMCO l,3l 1,890 r08.83 142,772,989 36.40 4'1,7 52,796
BSC |,077 100.00 107,700 507.50 546,518
BXPHARMA 485,364 83.64 40,595,845 58.70 28,490,86't
DULAMIACOT 16,000 10.00 t60,000 7.00 I 12,000
ECABLES 60,000 t0.00 600,000 l 18.40 7,104,000
FBFIF 59.990,593 8.33 499,721,640 7.40 443,930,388
GP 232,000 263.08 6t,034,560 36r.90 83,960,800
GRAMEENS2 288,420 23.22 6,69'7 ,112 12.20 3,5t8,124
HEIDELBCEM 102,560 10.00 t,025,600 499.40 5t,2t8,464
INTECH 847,932 29.50 2s,0t3,994 r3.60 I I,531,875
JUTESPIN 30,000 10.00 300,000 s3.00 1,590,000
8r
PARTICULARSOF INVESTMENT
NO. OFSHARE
cosTVALUE
PER SHARE
TOTALcosr
VALUE
MARKETPRICE PER
SHARE
TOTALMARKETVALUE
I 2 3 4=(2*3\ 5 6=(2*s)LAFSURCEML 60,000 10.00 600,000 123.00 7,380,000LR CLOBAI, 5,184,6'12 9.64 49,980,238 5.00 25,923.360NILOYCEM 98 100.00 9,800 r00.00 9,800NTC 4,392 100.00 439,200 697.50 3,063,420PDPRINTER 29,243 10.00 292,430 r0.00 292,430PHPMFI 327,569 9.29 3,043,1 r6 4.70 I,539,574RAKCERAMIC 347,284 127.95 44,434,988 57.70 20,038,287RANFOL'NDRY 404,000 153.49 62,009,960 98.80 39,915,200ROSEHEAV 4,327 15.00 64,905 15.00 64,905SAPORTL 354,360 t23.35 43,710,306 82.90 29,376,444Sub Total 73,321,729 1,200,839J53 985,962,368Total Quoted 205,449,903 4,673,792222 7J63,950,31 0
Investment in Shares (Unouoted
PARTICULARSOF INVESTMENT
NO. OFSHARE
cosrVALUE
PER SHARE
TOTALcosT
VALUE
MARKETPRICE PER
SHARE
TOTALMARKETVALUE
I 2 3 4=(21,3) 5 q2*s)Bank and NBFIBCBL l,125,000 I00.00 I12,500,000 r00.00 I 12,500,000CDBL 8,968,456 14.55 130,491,035 14.55 130,485,900Grameen Bank 30,000 100.00 3,000,000 100.00 3,000,000IIDFC 7,329,t t0 4.05 29,682,896 4.05 29,683,820Karmasangthan Bank 2,600,000 100.00 260,000,000 r 00.00 260,000,000Pubali bank (former) 5t,022 10.00 510,220 10.00 510,220Sub Total 20,103588 536,184,1s0 536.179,940
MaItufacturingAllied Pharma Ltd. r.000.000 r 0.00 10,000,000 t0.00 10,000,000S. Jute Yarn & T\\ine 33.790 10.00 337,900 t0.00 337,900Swan Textile Mills 1,022 100.00 102,200 t00.00 t02,200Sub Total l,0341812 t0,440,r00 10,440,100
Other
Bangladesh Fund 2r,300,000 r00.00 2,130,000,000 100.00 2,r30,000,000Orion Inf'rastructurcs 300.000.000 t0.00 3,000.000,000 10.00 3,000,000,000Paper Convert & Pack 5,000 t00.00 500,000 100.00 500,000SPPCL 678;100 t00.00 67,870,000 t00.00 67,870,000SUPCL 446,300 100.00 44,630,000 100.00 44,630,000Sub Total 322,430,000 5.243.000.000 5143,000,000
Total Unquoted 343.568.400 s,7E9$24,2s0 s,789,620$40
Quotcd+Unquoted 549.018J03 10,463A16,472 13,153,s70,350
Share Revaluation (as on 3l-12-14) 2,690, r s3,878
GRAND TOTAL 13,rs3,570J50
82
@,@r\;1" I nla.ta \*]l\d
Sonali Bank LimitedHighlights on the overall activities
For the year ended 3l December 2014
Annexure -
SL.No,
Perticulars 2014Taka
2013
TakaI
)J
4
5
6
7
8
9
l0
llt2
l3
l4
l5
t6
t7
l8
l9
20
2t
22
23
24
25
26
27
28
29
30
3l
32
lAuthorized Capital
lPaid-up Capital
Total Capital (as per Capital Adequacy)
Capital surpluV(defi cit)
Capital Adequacy Ratio
Statutory Reserve
Total Assets
Total Deposits
Total lnvestment
Total Contingent Liabilities and Commitmenrs
Advance Deposit Ratio
Credit Deposit Ratio
Total Import
Total Export
Operating Profit
Prolit after tax and provision
Total Loans and Advances
Amount of classified loans
Percentage ofclassified loans and advances
Provisions kept against classified loans
Provision surpluV(defi cit)
Cost of fund
lncome from investment
Interest eaming Assets
Non-interest eaming Assets
Retum on investment (ROD
Retum on Asset (ROA)
Retum on Equity (ROE)
Eamings per Share
Net assets value per share (NAVPS)
Price Eami+s-8ario
N"t#f,&,r"pe.shure
60,000,000,000
3l,200,000,000
49,785,077,287
9,100.807,287
7,60t,472,379
934,592,31s,t46
778,042,688,301
322,726,926,75t
229,929,738,014
3.39o/o
84.86%
300,142,800,000
63,525,300,000
8,547,339,905
6,054,643,52s
337,554,433,t43
86,436,600,000
25.610/o
52,392,580,000
t7,629,1t0
8.09o/o
23,136,3 I 8,?00
637,709, t 5l ,000
296,883,164,000
7 .80vo
0.680/o
1t.05%'t1 t',
t90_96
N/A
45.35 l
20,000,000,000
I l,250,000,000
28,28t,665,616
(8,9s7,424,384)
7 .59Yo
6,433,177,755
8s2,223,550,361
685,894,589,394
270,182,392,531
t7 5,802,795,405
89.460/o
195,892,300,000
62,967,400,000
2,971,200,579
3,580,184,237
343,450,s25,505
103,768,700,000
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